Sabine Royalty Trust (SBR) to Issue Dividend of $0.30 on March 31st

Sabine Royalty Trust (NYSE:SBR) announced a dividend on Friday, March 7th, NASDAQ Dividends reports. Shareholders of record on Monday, March 17th will be paid a dividend of 0.3012 per share by the energy company on Monday, March 31st. The ex-dividend date is Monday, March 17th. This is a 108.1% increase from Sabine Royalty Trust’s previous dividend of $0.14.

Sabine Royalty Trust Stock Performance

Shares of NYSE:SBR opened at $66.30 on Friday. The business’s fifty day moving average price is $66.61 and its two-hundred day moving average price is $63.92. The stock has a market cap of $966.62 million, a PE ratio of 10.22 and a beta of 0.44. Sabine Royalty Trust has a one year low of $58.60 and a one year high of $70.20.

Sabine Royalty Trust (NYSE:SBR) last announced its earnings results on Thursday, February 27th. The energy company reported $1.27 EPS for the quarter. The firm had revenue of $19.55 million for the quarter. Sabine Royalty Trust had a return on equity of 1,088.44% and a net margin of 96.72%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Sabine Royalty Trust from a “hold” rating to a “buy” rating in a report on Monday, February 10th.

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.