Sabine Royalty Trust (SBR) to Issue Monthly Dividend of $0.37 on October 29th

Sabine Royalty Trust (NYSE:SBR) declared a monthly dividend on Friday, October 3rd. Stockholders of record on Wednesday, October 15th will be given a dividend of 0.3689 per share by the energy company on Wednesday, October 29th. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Wednesday, October 15th.

Sabine Royalty Trust Stock Performance

Sabine Royalty Trust stock opened at $75.33 on Friday. The business’s 50-day simple moving average is $73.74 and its 200-day simple moving average is $68.58. The firm has a market capitalization of $1.10 billion, a PE ratio of 14.95 and a beta of 0.27. Sabine Royalty Trust has a 52 week low of $58.25 and a 52 week high of $84.39.

Sabine Royalty Trust (NYSE:SBR) last released its earnings results on Friday, August 8th. The energy company reported $1.22 earnings per share for the quarter. Sabine Royalty Trust had a return on equity of 866.81% and a net margin of 94.85%.The business had revenue of $18.70 million for the quarter.

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.