Sabine Royalty Trust (NYSE:SBR) Plans Monthly Dividend of $0.50

Sabine Royalty Trust (NYSE:SBR) announced a monthly dividend on Friday, June 5th. Investors of record on Monday, June 15th will be paid a dividend of 0.503 per share by the energy company on Monday, June 29th. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Monday, June 15th. This is a 1.0% increase from Sabine Royalty Trust’s previous monthly dividend of $0.50.

Sabine Royalty Trust has increased its dividend payment by an average of 0.2%annually over the last three years.

Sabine Royalty Trust Stock Performance

Shares of NYSE SBR opened at $78.00 on Friday. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 16.63 and a beta of 0.21. The business has a 50 day simple moving average of $75.84 and a 200 day simple moving average of $73.14. Sabine Royalty Trust has a 52 week low of $64.57 and a 52 week high of $84.39.

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.