Sabine Royalty Trust (NYSE:SBR - Get Free Report) declared a dividend on Friday, January 3rd,NASDAQ Dividends reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.4483 per share by the energy company on Wednesday, January 29th. The ex-dividend date of this dividend is Wednesday, January 15th. This is an increase from Sabine Royalty Trust's previous dividend of $0.14.
Sabine Royalty Trust Stock Performance
Shares of Sabine Royalty Trust stock traded up $0.65 on Friday, hitting $65.81. 29,823 shares of the company traded hands, compared to its average volume of 32,911. Sabine Royalty Trust has a 52 week low of $57.73 and a 52 week high of $69.78. The business has a 50-day simple moving average of $63.29 and a 200 day simple moving average of $62.93. The stock has a market capitalization of $959.51 million, a P/E ratio of 10.14 and a beta of 0.48.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Sabine Royalty Trust from a "hold" rating to a "buy" rating in a report on Wednesday, November 20th.
Check Out Our Latest Stock Report on Sabine Royalty Trust
About Sabine Royalty Trust
(
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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.
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