Sabine Royalty Trust (NYSE:SBR) Declares Dividend Increase – $0.42 Per Share

Sabine Royalty Trust (NYSE:SBR) announced a dividend on Friday, September 6th, NASDAQ reports. Investors of record on Monday, September 16th will be paid a dividend of 0.4213 per share by the energy company on Monday, September 30th. The ex-dividend date of this dividend is Monday, September 16th. This is a positive change from Sabine Royalty Trust’s previous dividend of $0.14.

Sabine Royalty Trust Trading Down 0.8 %

Shares of NYSE SBR opened at $61.30 on Friday. The company has a fifty day moving average price of $63.63 and a 200 day moving average price of $63.54. Sabine Royalty Trust has a 1-year low of $55.60 and a 1-year high of $72.50. The firm has a market cap of $936.58 million, a PE ratio of 10.64 and a beta of 0.47.

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

Wall Street Analyst Weigh In

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

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.