Sabine Royalty Trust (NYSE:SBR) Declares Dividend Increase – $0.30 Per Share

Sabine Royalty Trust (NYSE:SBR) announced a dividend on Friday, March 7th, NASDAQ Dividends reports. Shareholders of record on Monday, March 17th will be given a dividend of 0.3012 per share by the energy company on Monday, March 31st. The ex-dividend date is Monday, March 17th. This is a 108.1% increase from Sabine Royalty Trust’s previous dividend of $0.14.

Sabine Royalty Trust Trading Down 0.2 %

SBR stock traded down $0.12 during midday trading on Friday, hitting $66.30. 52,780 shares of the company’s stock were exchanged, compared to its average volume of 43,365. The business has a 50-day simple moving average of $66.61 and a two-hundred day simple moving average of $63.91. The stock has a market capitalization of $966.62 million, a PE ratio of 10.22 and a beta of 0.48. Sabine Royalty Trust has a 1-year low of $58.60 and a 1-year high of $70.20.

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

Analyst Ratings Changes

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

About Sabine Royalty Trust

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.