Sabine Royalty Trust (NYSE:SBR) to Issue Dividend Increase – $0.60 Per Share

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

Sabine Royalty Trust Price Performance

Shares of SBR stock traded up $0.16 during trading hours on Friday, reaching $62.95. 46,327 shares of the company’s stock were exchanged, compared to its average volume of 29,325. The company’s 50 day moving average is $63.04 and its two-hundred day moving average is $63.21. The company has a market cap of $917.81 million, a P/E ratio of 10.15 and a beta of 0.51. Sabine Royalty Trust has a 1 year low of $55.60 and a 1 year high of $75.60.

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

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.