Sabine Royalty Trust (SBR) To Go Ex-Dividend on May 15th

Sabine Royalty Trust (NYSE:SBR) announced a monthly dividend on Tuesday, May 5th. Shareholders of record on Friday, May 15th will be paid a dividend of 0.4979 per share by the energy company on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend is Friday, May 15th. This is a 53.2% increase from Sabine Royalty Trust’s previous monthly dividend of $0.32.

Sabine Royalty Trust has raised its dividend by an average of 0.2%per year over the last three years.

Sabine Royalty Trust Stock Performance

NYSE SBR opened at $75.85 on Thursday. The firm has a 50-day moving average of $74.49 and a 200-day moving average of $72.51. The stock has a market cap of $1.11 billion, a PE ratio of 15.05 and a beta of 0.23. Sabine Royalty Trust has a 52-week low of $62.35 and a 52-week high of $84.39.

Sabine Royalty Trust Company Profile

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.