Sabine Royalty Trust (NYSE:SBR) Declares Dividend Increase – $0.30 Per Share

Sabine Royalty Trust (NYSE:SBR) announced a monthly dividend on Friday, March 7th, NASDAQ Dividends reports. Stockholders of record on Monday, March 17th will be paid a dividend of 0.3012 per share by the energy company on Monday, March 31st. This represents a $3.61 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date is Monday, March 17th. This is a 108.1% increase from Sabine Royalty Trust’s previous monthly dividend of $0.14.

Sabine Royalty Trust Stock Performance

Shares of Sabine Royalty Trust stock opened at $65.28 on Friday. The firm has a 50-day moving average of $66.60 and a 200-day moving average of $63.95. The stock has a market cap of $951.72 million, a PE ratio of 10.06 and a beta of 0.44. Sabine Royalty Trust has a 52-week low of $58.60 and a 52-week high of $70.20.

Sabine Royalty Trust (NYSE:SBR) last announced its earnings results on Thursday, February 27th. The energy company reported $1.27 earnings per share (EPS) for the quarter. The company had revenue of $19.55 million during the quarter. Sabine Royalty Trust had a net margin of 96.72% and a return on equity of 1,088.44%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research note on Monday, February 10th.

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.