Sabine Royalty Trust (NYSE:SBR) Declares Dividend of $0.30

Sabine Royalty Trust (NYSE:SBR) announced a dividend on Friday, March 7th, NASDAQ Dividends reports. Shareholders of record on Monday, March 17th will be paid a dividend of 0.3012 per share by the energy company on Monday, March 31st. The ex-dividend date is Monday, March 17th. This is a 108.1% increase from Sabine Royalty Trust’s previous dividend of $0.14.

Sabine Royalty Trust Price Performance

Shares of SBR stock traded down $0.12 during mid-day trading on Friday, hitting $66.30. The stock had a trading volume of 52,780 shares, compared to its average volume of 43,365. Sabine Royalty Trust has a 12-month low of $58.60 and a 12-month high of $70.20. The firm has a market capitalization of $966.62 million, a P/E ratio of 10.22 and a beta of 0.48. The firm’s 50-day moving average is $66.61 and its two-hundred day moving average is $63.91.

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

Analyst Ratings Changes

Separately, StockNews.com upgraded Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research note on Monday, February 10th.

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.