Sabine Royalty Trust (NYSE:SBR) Plans Monthly Dividend of $0.51

Sabine Royalty Trust (NYSE:SBR) announced a monthly dividend on Tuesday, November 5th,NASDAQ Dividends reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.5144 per share by the energy company on Friday, November 29th. This represents a $6.17 annualized dividend and a yield of 9.88%. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Sabine Royalty Trust’s previous monthly dividend of $0.44.

Sabine Royalty Trust Trading Down 1.1 %

Sabine Royalty Trust stock opened at $62.45 on Wednesday. Sabine Royalty Trust has a 1-year low of $57.73 and a 1-year high of $72.50. The firm’s fifty day simple moving average is $61.34 and its 200-day simple moving average is $62.99. The company has a market capitalization of $910.52 million, a P/E ratio of 10.20 and a beta of 0.47.

Analyst Ratings Changes

Separately, StockNews.com lowered Sabine Royalty Trust from a “buy” rating to a “hold” rating in a report on Tuesday.

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.