Sabine Royalty Trust (NYSE:SBR – Get Free Report) announced a monthly dividend on Thursday, July 2nd. Investors of record on Wednesday, July 15th will be given a dividend of 0.4292 per share by the energy company on Wednesday, July 29th. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend is Wednesday, July 15th.
Sabine Royalty Trust has increased its dividend payment by an average of 0.2%annually over the last three years.
Sabine Royalty Trust Trading Up 0.7%
Shares of Sabine Royalty Trust stock traded up $0.49 during trading hours on Thursday, reaching $73.18. The stock had a trading volume of 31,581 shares, compared to its average volume of 39,411. The stock’s 50 day moving average is $75.40 and its 200 day moving average is $72.77. Sabine Royalty Trust has a twelve month low of $65.15 and a twelve month high of $84.39. The firm has a market capitalization of $1.07 billion, a PE ratio of 15.60 and a beta of 0.21.
Sabine Royalty Trust Company Profile
Sabine Royalty Trust is a Delaware statutory trust that owns a non-operating royalty interest in a portfolio of oil and gas properties. Rather than engaging in exploration or production activities directly, the trust receives a share of net proceeds from hydrocarbon production on the underlying properties and distributes those proceeds to unitholders on a monthly basis.
The trust was established in 1982 through a transaction with Sabine Oil & Gas Corporation, which transferred its overriding royalty interests in numerous wells and acreage to the trust.
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