Sabine Royalty Trust (NYSE:SBR) Declares Dividend Increase – $0.42 Per Share

Sabine Royalty Trust (NYSE:SBR) declared a dividend on Friday, September 6th, NASDAQ reports. Shareholders of record on Monday, September 16th will be given a dividend of 0.4213 per share by the energy company on Monday, September 30th. The ex-dividend date is Monday, September 16th. This is a positive change from Sabine Royalty Trust’s previous dividend of $0.14.

Sabine Royalty Trust Stock Performance

NYSE SBR opened at $61.30 on Friday. The stock has a market cap of $936.58 million, a PE ratio of 10.64 and a beta of 0.47. The firm has a 50-day moving average of $63.63 and a 200-day moving average of $63.54. Sabine Royalty Trust has a 52-week low of $55.60 and a 52-week high of $72.50.

Sabine Royalty Trust (NYSE:SBR) last issued 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 net margin of 96.63% and a return on equity of 1,098.84%. The firm had revenue of $22.78 million during the quarter.

Wall Street Analyst Weigh In

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

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.