Sabine Royalty Trust (SBR) Declares Monthly Dividend of $0.19

Sabine Royalty Trust (NYSE:SBR) announced a monthly dividend on Tuesday, February 6th, Wall Street Journal reports. Shareholders of record on Thursday, February 15th will be paid a dividend of 0.1912 per share by the energy company on Wednesday, February 28th. This represents a $2.29 annualized dividend and a yield of 5.05%. The ex-dividend date of this dividend is Wednesday, February 14th.

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) traded up $1.65 during trading hours on Tuesday, hitting $45.40. The stock had a trading volume of 26,952 shares, compared to its average volume of 22,270. Sabine Royalty Trust has a 12 month low of $33.50 and a 12 month high of $50.00. The company has a market capitalization of $670.65, a PE ratio of 19.60 and a beta of 0.10.

Sabine Royalty Trust (NYSE:SBR) last released its quarterly earnings results on Tuesday, November 7th. The energy company reported $0.58 earnings per share (EPS) for the quarter. Sabine Royalty Trust had a return on equity of 743.78% and a net margin of 92.92%.

An institutional investor recently raised its position in Sabine Royalty Trust stock. State Street Corp lifted its holdings in Sabine Royalty Trust (NYSE:SBR) by 1.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,240 shares of the energy company’s stock after purchasing an additional 140 shares during the quarter. State Street Corp owned 0.07% of Sabine Royalty Trust worth $397,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 8.74% of the company’s stock.

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Sabine Royalty Trust Company Profile

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.

Dividend History for Sabine Royalty Trust (NYSE:SBR)

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