Sabine Royalty Trust (NYSE:SBR – Get Free Report) declared a monthly dividend on Friday, November 6th. Stockholders of record on Monday, November 16th will be paid a dividend of $0.3604 per share by the energy company on Monday, November 30th. This represents a $4.32 annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Monday, November 16th. This is a 1.4% increase from Sabine Royalty Trust’s previous monthly dividend of $0.3554.
Sabine Royalty Trust has increased its dividend payment by an average of 0.2% annually over the last three years.
Sabine Royalty Trust Stock Down 0.6%
Shares of NYSE SBR traded down $0.39 during midday trading on Friday, reaching $65.47. 45,578 shares of the stock were exchanged, compared to its average volume of 35,594. The firm has a market cap of $954.60 million, a price-to-earnings ratio of 13.36 and a beta of 0.30. Sabine Royalty Trust has a twelve month low of $65.06 and a twelve month high of $79.86. The firm has a 50-day simple moving average of $72.48 and a two-hundred day simple moving average of $73.34.
Sabine Royalty Trust (NYSE:SBR – Get Free Report) last posted its earnings results on Friday, November 6th. The energy company reported $1.31 earnings per share (EPS) for the quarter. Sabine Royalty Trust had a net margin of 94.90% and a return on equity of 961.80%.
Sabine Royalty Trust Company Profile
Sabine Royalty Trust is a grantor trust formed in 1982 to own and administer royalty and mineral interests in oil and natural gas properties. The trust does not explore for, develop, or operate wells; instead, it receives royalty payments and other proceeds generated from production on properties in which it holds interests.
Its interests are located primarily across several U.S. states, including Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas. Revenue generally depends on the volume of oil and natural gas produced from the underlying properties, commodity prices, and the operating activity of the companies that develop and manage those properties.
Sabine Royalty Trust is listed on the New York Stock Exchange under the symbol SBR.
See Also
- Five stocks we like better than Sabine Royalty Trust
- Q3 Earnings Have Investors Wondering: Is Mercado Libre Finally a Buy?
- CVS Raised Its Outlook and Announced a Breakup—So Why Did the Stock Drop?
- Array and Shoals Are Merging: Who Really Wins the All-Stock Solar Deal?
- Duolingo’s User Growth Is Outpacing Bookings, But Is Its Strategy Paying Off?
Receive News & Ratings for Sabine Royalty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabine Royalty Trust and related companies with MarketBeat.com's FREE daily email newsletter.
