Sabine Royalty Trust (NYSE:SBR) Increases Dividend to $0.44 Per Share

Sabine Royalty Trust (NYSE:SBR) announced a dividend on Friday, February 7th,NASDAQ Dividends reports. Stockholders of record on Tuesday, February 18th will be given a dividend of 0.4395 per share by the energy company on Friday, February 28th. The ex-dividend date is Tuesday, February 18th. This is an increase from Sabine Royalty Trust’s previous dividend of $0.14.

Sabine Royalty Trust Price Performance

SBR stock traded up $0.26 during midday trading on Friday, reaching $67.33. 12,752 shares of the stock were exchanged, compared to its average volume of 40,391. The company has a fifty day moving average price of $65.34 and a 200 day moving average price of $63.24. Sabine Royalty Trust has a 52 week low of $58.60 and a 52 week high of $69.50. The stock has a market capitalization of $981.60 million, a PE ratio of 10.37 and a beta of 0.48.

Sabine Royalty Trust (NYSE:SBR) last posted its quarterly earnings data on Tuesday, November 12th. The energy company reported $1.31 earnings per share for the quarter. The business had revenue of $19.93 million during the quarter. Sabine Royalty Trust had a return on equity of 1,088.44% and a net margin of 96.72%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Sabine Royalty Trust from a “buy” rating to a “hold” rating in a research report on Sunday, February 2nd.

Sabine Royalty Trust Company Profile

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.