Sabine Royalty Trust (NYSE:SBR) Announces Dividend Increase – $0.24 Per Share

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Sabine Royalty Trust (NYSE:SBR) declared a monthly dividend on Tuesday, April 6th, Wall Street Journal reports. Stockholders of record on Thursday, April 15th will be given a dividend of 0.2379 per share by the energy company on Thursday, April 29th. This represents a $2.85 dividend on an annualized basis and a dividend yield of 9.12%. The ex-dividend date is Wednesday, April 14th. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.21.

Sabine Royalty Trust has raised its dividend by 1.2% over the last three years and has raised its dividend annually for the last 1 consecutive years.

Sabine Royalty Trust stock opened at $31.32 on Thursday. Sabine Royalty Trust has a 52-week low of $24.37 and a 52-week high of $35.55. The firm’s fifty day moving average is $32.00 and its 200 day moving average is $30.25. The company has a market cap of $456.57 million, a price-to-earnings ratio of 12.00 and a beta of 0.61.

Sabine Royalty Trust Company Profile

Sabine Royalty Trust holds royalty and mineral interests in various 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.

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Dividend History for Sabine Royalty Trust (NYSE:SBR)

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