Sabine Royalty Trust (NYSE:SBR) Plans Dividend Increase – $0.44 Per Share

Sabine Royalty Trust (NYSE:SBR) announced a dividend on Friday, February 7th,NASDAQ Dividends reports. Investors of record on Tuesday, February 18th will be paid a dividend of 0.4395 per share by the energy company on Friday, February 28th. The ex-dividend date is Tuesday, February 18th. This is a positive change from Sabine Royalty Trust’s previous dividend of $0.14.

Sabine Royalty Trust Stock Up 0.4 %

NYSE:SBR traded up $0.26 during trading hours on Friday, hitting $67.33. 12,752 shares of the stock were exchanged, compared to its average volume of 40,391. The company has a market capitalization of $981.60 million, a P/E ratio of 10.37 and a beta of 0.48. The company’s 50 day moving average is $65.34 and its two-hundred day moving average is $63.24. Sabine Royalty Trust has a twelve month low of $58.60 and a twelve month high of $69.50.

Sabine Royalty Trust (NYSE:SBR) last issued its earnings results on Tuesday, November 12th. The energy company reported $1.31 EPS for the quarter. Sabine Royalty Trust had a net margin of 96.72% and a return on equity of 1,088.44%. The company had revenue of $19.93 million during the quarter.

Analyst Ratings Changes

Separately, StockNews.com cut Sabine Royalty Trust from a “buy” rating to a “hold” rating in a research report on Sunday, February 2nd.

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.