Sabine Royalty Trust (NYSE:SBR) announced a monthly dividend on Friday, December 6th, Wall Street Journal reports. Stockholders of record on Monday, December 16th will be given a dividend of 0.1226 per share by the energy company on Monday, December 30th. This represents a $1.47 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Friday, December 13th.
Shares of NYSE SBR opened at $39.33 on Wednesday. The firm has a market cap of $572.66 million, a price-to-earnings ratio of 11.56 and a beta of 0.55. The business’s 50-day simple moving average is $39.33 and its 200-day simple moving average is $43.32. Sabine Royalty Trust has a 52 week low of $30.27 and a 52 week high of $52.59.
About Sabine Royalty Trust
Sabine Royalty Trust holds royalty and mineral interests in various oil and gas properties in the United States. Its royalty and mineral interests include landowner's royalties, overriding royalty interests, minerals, production payments, and other similar non-participatory interest in certain producing and proved undeveloped oil and gas properties located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas.
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