Sabine Royalty Trust (SBR) to Issue Monthly Dividend of $0.60 on May 29th

Sabine Royalty Trust (NYSE:SBR) announced a monthly dividend on Friday, May 3rd, Zacks reports. Investors of record on Wednesday, May 15th will be given a dividend of 0.598 per share by the energy company on Wednesday, May 29th. This represents a $7.18 annualized dividend and a dividend yield of 11.40%. The ex-dividend date is Tuesday, May 14th. This is a boost from Sabine Royalty Trust’s previous monthly dividend of $0.54.

Sabine Royalty Trust Price Performance

Sabine Royalty Trust stock opened at $62.95 on Friday. Sabine Royalty Trust has a one year low of $55.60 and a one year high of $75.60. The stock has a market capitalization of $917.81 million, a PE ratio of 10.17 and a beta of 0.51. The business’s fifty day moving average is $63.04 and its 200 day moving average is $63.23.

Sabine Royalty Trust (NYSE:SBR) last released its quarterly earnings data on Thursday, February 29th. The energy company reported $2.30 EPS for the quarter. Sabine Royalty Trust had a return on equity of 1,059.66% and a net margin of 96.20%. The company had revenue of $34.35 million for the quarter.

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.