Sabine Royalty Trust (NYSE:SBR) announced a monthly dividend on Wednesday, July 3rd, NASDAQ reports. Shareholders of record on Monday, July 15th will be paid a dividend of 0.176 per share by the energy company on Monday, July 29th. This represents a $2.11 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend is Friday, July 12th. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.14.
Sabine Royalty Trust has raised its dividend payment by an average of 2.6% per year over the last three years and has increased its dividend annually for the last 2 consecutive years.
Shares of NYSE:SBR opened at $47.79 on Wednesday. The stock has a market capitalization of $696.16 million, a price-to-earnings ratio of 13.19 and a beta of 0.53. The stock’s 50-day simple moving average is $47.35. Sabine Royalty Trust has a 1 year low of $30.27 and a 1 year high of $52.59.
Sabine Royalty Trust Company Profile
Sabine Royalty Trust holds royalty and mineral interests in various 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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