Sabine Royalty Trust (NYSE:SBR) to Issue Dividend Increase – $0.44 Per Share

Posted by Ed Jones on Oct 14th, 2024

Sabine Royalty Trust (NYSE:SBR – Get Free Report) announced a monthly dividend on Friday, October 4th, Zacks reports. Investors of record on Tuesday, October 15th will be paid a dividend of 0.4358 per share by the energy company on Tuesday, October 29th. This represents a $5.23 dividend on an annualized basis and a dividend yield of 8.17%. The ex-dividend date of this dividend is Tuesday, October 15th. This is a boost from Sabine Royalty Trust’s previous monthly dividend of $0.14.

Sabine Royalty Trust Trading Up 0.9 %

SBR opened at $63.98 on Monday. The business’s 50-day moving average is $62.04 and its two-hundred day moving average is $63.55. Sabine Royalty Trust has a 1 year low of $55.60 and a 1 year high of $72.50.

Sabine Royalty Trust (NYSE:SBR – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The energy company reported $1.51 earnings per share for the quarter. The business had revenue of $22.78 million for the quarter. Sabine Royalty Trust had a net margin of 96.63% and a return on equity of 1,098.84%.

Analyst Ratings Changes

Separately, StockNews.com raised Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research report on Monday, August 12th.

Get Our Latest Stock Analysis on Sabine Royalty Trust

Sabine Royalty Trust Company Profile

(Get Free Report)

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.