Sabine Royalty Trust (NYSE:SBR) declared a monthly dividend on Tuesday, March 6th, Wall Street Journal reports. Shareholders of record on Thursday, March 15th will be given a dividend of 0.2107 per share by the energy company on Thursday, March 29th. This represents a $2.53 dividend on an annualized basis and a yield of 5.95%. The ex-dividend date of this dividend is Wednesday, March 14th. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.19.
Sabine Royalty Trust has decreased its dividend payment by an average of 16.7% per year over the last three years.
Sabine Royalty Trust (NYSE:SBR) traded up $0.30 on Tuesday, hitting $42.50. The stock had a trading volume of 5,039 shares, compared to its average volume of 20,406. Sabine Royalty Trust has a 52 week low of $33.50 and a 52 week high of $50.00. The firm has a market capitalization of $613.06, a PE ratio of 18.70 and a beta of 0.17.
Sabine Royalty Trust Company Profile
Sabine Royalty Trust (the Trust) is an express trust. The Royalty Properties are the assets of the Trust. The Royalty Properties constitute interests in gross production of oil, gas and other minerals free of the costs of production. Southwest Bank acts as trustee of the Trust. The Royalty Properties consist of royalty and mineral interests, including landowner’s royalties, overriding royalty interests, minerals (other than executive rights, bonuses and delay rentals), production payments and any 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.
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.