Sabine Royalty Trust (NYSE:SBR) to Issue Monthly Dividend of $0.30

Sabine Royalty Trust (NYSE:SBR - Get Free Report) declared a monthly dividend on Friday, March 7th, NASDAQ Dividends reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.3012 per share by the energy company on Monday, March 31st. This represents a $3.61 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date of this dividend is Monday, March 17th. This is a 108.1% increase from Sabine Royalty Trust's previous monthly dividend of $0.14.

Sabine Royalty Trust Stock Performance

Sabine Royalty Trust stock traded up $0.61 during mid-day trading on Wednesday, reaching $65.02. The stock had a trading volume of 15,445 shares, compared to its average volume of 42,359. The firm has a market capitalization of $947.93 million, a PE ratio of 10.04 and a beta of 0.44. Sabine Royalty Trust has a fifty-two week low of $58.60 and a fifty-two week high of $70.20. The stock's 50-day simple moving average is $66.63 and its 200-day simple moving average is $63.94.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The energy company reported $1.27 earnings per share (EPS) for the quarter. Sabine Royalty Trust had a net margin of 96.72% and a return on equity of 1,088.44%. The business had revenue of $19.55 million during the quarter.

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Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of 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.