Sabine Royalty Trust (NYSE:SBR) Announces Monthly Dividend of $0.50

Sabine Royalty Trust (NYSE:SBR) announced a monthly dividend on Monday, April 7th, Wall Street Journal reports. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.5039 per share by the energy company on Tuesday, April 29th. This represents a $6.05 annualized dividend and a yield of 9.92%. The ex-dividend date of this dividend is Tuesday, April 15th. This is a 67.3% increase from Sabine Royalty Trust’s previous monthly dividend of $0.30.

Sabine Royalty Trust Price Performance

SBR opened at $60.98 on Tuesday. The stock has a market capitalization of $889.06 million, a P/E ratio of 9.40 and a beta of 0.25. The company’s 50 day simple moving average is $66.70 and its 200-day simple moving average is $64.48. Sabine Royalty Trust has a one year low of $58.25 and a one year high of $70.20.

Sabine Royalty Trust (NYSE:SBR) last released its earnings results on Thursday, February 27th. The energy company reported $1.27 EPS for the quarter. Sabine Royalty Trust had a net margin of 96.72% and a return on equity of 1,088.44%. The firm had revenue of $19.55 million during the quarter.

Analyst Ratings Changes

Separately, StockNews.com upgraded Sabine Royalty Trust from a “hold” rating to a “buy” rating in a report on Monday, February 10th.

Sabine Royalty Trust Company Profile

Sabine Royalty Trust holds royalty and mineral interests in various producing 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.