Sabine Royalty Trust (NYSE:SBR) Raises Dividend to $0.51 Per Share

Sabine Royalty Trust (NYSE:SBR) declared a monthly dividend on Tuesday, November 5th, NASDAQ reports. Investors of record on Friday, November 15th will be given a dividend of 0.5144 per share by the energy company on Friday, November 29th. This represents a $6.17 dividend on an annualized basis and a dividend yield of 10.23%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.44.

Sabine Royalty Trust Stock Up 0.3 %

NYSE SBR traded up $0.17 on Tuesday, reaching $60.35. The stock had a trading volume of 56,550 shares, compared to its average volume of 36,302. The stock has a fifty day moving average price of $61.56 and a two-hundred day moving average price of $63.02. Sabine Royalty Trust has a 12-month low of $57.00 and a 12-month high of $72.50. The firm has a market capitalization of $879.90 million, a price-to-earnings ratio of 9.90 and a beta of 0.47.

Sabine Royalty Trust (NYSE:SBR) last posted its quarterly earnings data on Thursday, August 8th. The energy company reported $1.51 earnings per share (EPS) for the quarter. Sabine Royalty Trust had a return on equity of 1,098.84% and a net margin of 96.63%. The firm had revenue of $22.78 million for the quarter.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research note on Monday, August 12th.

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.