Sabine Royalty Trust (NYSE:SBR) to Issue Monthly Dividend of $0.43

Sabine Royalty Trust (NYSE:SBRGet 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:SBRGet 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

A hedge fund recently bought a new stake in Sabine Royalty Trust stock. Jane Street Group LLC purchased a new position in shares of Sabine Royalty Trust (NYSE:SBRFree Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,404 shares of the energy company’s stock, valued at approximately $772,000. Jane Street Group LLC owned 0.08% of Sabine Royalty Trust as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 15.81% of the company’s stock.

About Sabine Royalty Trust

(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.

See Also

Dividend History for Sabine Royalty Trust (NYSE:SBR)

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