Sabine Royalty Trust (NYSE:SBR) Announces Dividend Increase – $0.51 Per Share

Posted by Amy Steele on Nov 6th, 2024

Sabine Royalty Trust (NYSE:SBR – Get Free Report) declared a monthly dividend on Tuesday, November 5th, NASDAQ reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.5144 per share by the energy company on Friday, November 29th. This represents a $6.17 annualized dividend and a yield of 10.08%. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Sabine Royalty Trust’s previous monthly dividend of $0.44.

Sabine Royalty Trust Price Performance

NYSE:SBR traded up $0.69 during trading hours on Wednesday, hitting $61.25. 1,850 shares of the company traded hands, compared to its average volume of 36,141. The firm’s 50-day simple moving average is $61.48 and its 200-day simple moving average is $62.99. Sabine Royalty Trust has a one year low of $57.00 and a one year high of $72.50.

Sabine Royalty Trust (NYSE:SBR – Get Free Report) last released its earnings results on Thursday, August 8th. The energy company reported $1.51 EPS for the quarter. Sabine Royalty Trust had a return on equity of 1,098.84% and a net margin of 96.63%. The company had revenue of $22.78 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Sabine Royalty Trust from a “hold” rating to a “buy” rating in a report on Monday, August 12th.

Read Our Latest Research Report on Sabine Royalty Trust

About Sabine Royalty Trust

(Get Free Report)

Sabine Royalty Trust holds royalty and mineral interests in various producing oil and gas properties in the United States. Its royalty and mineral interests include landowner's royalties, overriding royalty interests, minerals, production payments, and 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.