Sabine Royalty Trust (SBR) to Issue Monthly Dividend of $0.30 on March 31st

Sabine Royalty Trust (NYSE:SBR) declared a monthly dividend on Friday, March 7th, NASDAQ Dividends reports. Investors of record on Monday, March 17th will be paid a dividend of 0.3012 per share by the energy company on Monday, March 31st. This represents a $3.61 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date is Monday, March 17th. This is a 108.1% increase from Sabine Royalty Trust’s previous monthly dividend of $0.14.

Sabine Royalty Trust Trading Up 1.2 %

Shares of SBR opened at $65.28 on Friday. The company has a market cap of $951.72 million, a price-to-earnings ratio of 10.06 and a beta of 0.44. Sabine Royalty Trust has a 1-year low of $58.60 and a 1-year high of $70.20. The company’s fifty day simple moving average is $66.60 and its 200 day simple moving average is $63.95.

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

Analysts Set New Price Targets

Separately, StockNews.com raised shares of 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.