Sabine Royalty Trust (NYSE:SBR) Increases Dividend to $0.29 Per Share

Sabine Royalty Trust (NYSE:SBR) declared a monthly dividend on Friday, March 6th. Investors of record on Monday, March 16th will be paid a dividend of 0.2862 per share by the energy company on Monday, March 30th. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, March 16th. This is a 1.0% increase from Sabine Royalty Trust’s previous monthly dividend of $0.28.

Sabine Royalty Trust has raised its dividend payment by an average of 0.1%per year over the last three years.

Sabine Royalty Trust Stock Performance

SBR stock traded up $0.65 on Friday, reaching $73.60. The company had a trading volume of 32,667 shares, compared to its average volume of 37,686. Sabine Royalty Trust has a 1 year low of $58.25 and a 1 year high of $84.39. The company’s fifty day moving average is $69.84 and its 200 day moving average is $72.45. The company has a market cap of $1.07 billion, a P/E ratio of 13.55 and a beta of 0.28.

About Sabine Royalty Trust

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.