Sabine Royalty Trust (SBR) to Issue Monthly Dividend of $0.62 on August 31st

Sabine Royalty Trust (NYSE:SBR) announced a monthly dividend on Friday, August 7th. Stockholders of record on Monday, August 17th will be paid a dividend of 0.6194 per share by the energy company on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date of this dividend is Monday, August 17th. This is a 44.3% increase from Sabine Royalty Trust’s previous monthly dividend of $0.43.

Sabine Royalty Trust has raised its dividend payment by an average of 0.2%per year over the last three years.

Sabine Royalty Trust Stock Up 2.6%

SBR stock opened at $72.58 on Friday. Sabine Royalty Trust has a 52-week low of $65.31 and a 52-week high of $84.39. The firm has a market cap of $1.06 billion, a P/E ratio of 14.81 and a beta of 0.21. The company’s 50-day simple moving average is $73.68 and its 200-day simple moving average is $73.63.

Sabine Royalty Trust (NYSE:SBR) last announced its quarterly earnings results on Friday, August 7th. The energy company reported $1.43 earnings per share for the quarter. The firm had revenue of $21.79 million during the quarter. Sabine Royalty Trust had a return on equity of 959.48% and a net margin of 94.73%.

Sabine Royalty Trust Company Profile

Sabine Royalty Trust is a Delaware statutory trust that owns a non-operating royalty interest in a portfolio of oil and gas properties. Rather than engaging in exploration or production activities directly, the trust receives a share of net proceeds from hydrocarbon production on the underlying properties and distributes those proceeds to unitholders on a monthly basis.

The trust was established in 1982 through a transaction with Sabine Oil & Gas Corporation, which transferred its overriding royalty interests in numerous wells and acreage to the trust.