Sabine Royalty Trust (SBR) to Issue Monthly Dividend of $0.44 on October 29th

Posted by KOP Source Staff on Oct 6th, 2024

Sabine Royalty Trust (NYSE:SBR – Get Free Report) declared a monthly dividend on Friday, October 4th, Zacks reports. Shareholders of record on Tuesday, October 15th will be given a dividend of 0.4358 per share by the energy company on Tuesday, October 29th. This represents a $5.23 annualized dividend and a yield of 8.37%. The ex-dividend date of this dividend is Tuesday, October 15th. This is a boost from Sabine Royalty Trust’s previous monthly dividend of $0.14.

Sabine Royalty Trust Trading Down 0.5 %

NYSE SBR opened at $62.45 on Friday. The business’s fifty day moving average is $62.04 and its 200-day moving average is $63.54. Sabine Royalty Trust has a one year low of $55.60 and a one year high of $72.50.

Sabine Royalty Trust (NYSE:SBR – Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The energy company reported $1.51 earnings per share (EPS) for the quarter. The business had revenue of $22.78 million during the quarter. Sabine Royalty Trust had a net margin of 96.63% and a return on equity of 1,098.84%.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Analysis on SBR

Sabine Royalty Trust Company Profile

(Get Free Report)

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.