Sabine Royalty Trust (SBR) to Issue Dividend Increase – $0.23 Per Share
Sabine Royalty Trust (NYSE:SBR) declared a dividend on Friday, January 5th, Fidelity reports. Stockholders of record on Tuesday, January 16th will be given a dividend of 0.227 per share by the energy company on Tuesday, January 30th. The ex-dividend date is Friday, January 12th. This is a boost from Sabine Royalty Trust’s previous dividend of $0.14.
Sabine Royalty Trust has decreased its dividend payment by an average of 16.7% per year over the last three years.
Sabine Royalty Trust (NYSE SBR) opened at $45.70 on Friday. Sabine Royalty Trust has a one year low of $33.50 and a one year high of $46.90. The firm has a market cap of $663.36, a PE ratio of 20.13 and a beta of 0.22.
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About Sabine Royalty Trust
Sabine Royalty Trust (the Trust) is an express trust. The Royalty Properties are the assets of the Trust. The Royalty Properties constitute interests in gross production of oil, gas and other minerals free of the costs of production. Southwest Bank acts as trustee of the Trust. The Royalty Properties consist of royalty and mineral interests, including landowner’s royalties, overriding royalty interests, minerals (other than executive rights, bonuses and delay rentals), production payments and any 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.
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