Sabine Royalty Trust (NYSE:SBR) Announces Monthly Dividend of $0.45

Sabine Royalty Trust (NYSE:SBR) declared a monthly dividend on Friday, January 3rd,NASDAQ Dividends reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.4483 per share by the energy company on Wednesday, January 29th. This represents a $5.38 dividend on an annualized basis and a yield of 8.35%. The ex-dividend date of this dividend is Wednesday, January 15th. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.14.

Sabine Royalty Trust Trading Down 2.0 %

Shares of SBR opened at $64.46 on Monday. Sabine Royalty Trust has a 1-year low of $57.73 and a 1-year high of $69.50. The firm’s 50-day moving average price is $63.76 and its 200-day moving average price is $62.98. The firm has a market capitalization of $939.83 million, a price-to-earnings ratio of 9.93 and a beta of 0.48.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th.

About Sabine Royalty Trust

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.