Sabine Royalty Trust (NYSE:SBR – Get Free Report) announced a monthly dividend on Monday, June 9th, Wall Street Journal reports. Investors of record on Monday, June 16th will be paid a dividend of 0.4265 per share by the energy company on Monday, June 30th. This represents a $5.12 annualized dividend and a dividend yield of 7.81%. The ex-dividend date of this dividend is Monday, June 16th.
Sabine Royalty Trust Stock Performance
Sabine Royalty Trust stock opened at $65.55 on Wednesday. The company has a 50 day moving average price of $65.30 and a 200 day moving average price of $65.70. Sabine Royalty Trust has a 52 week low of $58.25 and a 52 week high of $70.20. The firm has a market capitalization of $955.65 million, a price-to-earnings ratio of 10.10 and a beta of 0.29.
Sabine Royalty Trust (NYSE:SBR – Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The energy company reported $1.24 earnings per share for the quarter. The business had revenue of $19.40 million for the quarter. Sabine Royalty Trust had a return on equity of 1,088.44% and a net margin of 96.72%.
Hedge Funds Weigh In On Sabine Royalty Trust
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.
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