Sabine Royalty Trust (SBR) to Issue Monthly Dividend of $0.15 on October 30th
Sabine Royalty Trust (NYSE:SBR) declared a monthly dividend on Friday, October 6th, Wall Street Journal reports. Stockholders of record on Monday, October 16th will be paid a dividend of 0.1509 per share by the energy company on Monday, October 30th. This represents a $1.81 annualized dividend and a dividend yield of 4.48%. The ex-dividend date is Friday, October 13th.
Sabine Royalty Trust has decreased its dividend by an average of 21.0% per year over the last three years.
Sabine Royalty Trust (NYSE SBR) opened at 40.45 on Friday. The stock’s 50 day moving average is $39.96 and its 200 day moving average is $38.24. Sabine Royalty Trust has a one year low of $33.46 and a one year high of $41.86. The firm has a market capitalization of $589.72 million, a P/E ratio of 17.79 and a beta of 0.26.
Sabine Royalty Trust (NYSE:SBR) last issued its earnings results on Wednesday, August 9th. The energy company reported $0.54 EPS for the quarter. The company had revenue of $8.58 million for the quarter. Sabine Royalty Trust had a net margin of 93.10% and a return on equity of 695.91%.
An institutional investor recently raised its position in Sabine Royalty Trust stock. State Street Corp increased its holdings in Sabine Royalty Trust (NYSE:SBR) by 1.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 Securities & Exchange Commission. 8.81% of the stock is currently owned by institutional investors.
Separately, BidaskClub cut shares of Sabine Royalty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th.
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.
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