Sabine Royalty Trust (NYSE:SBR) Declares Dividend Increase – $0.35 Per Share

Sabine Royalty Trust (NYSE:SBRGet Free Report) announced a dividend on Tuesday, July 8th, investing.com reports. Investors of record on Wednesday, July 16th will be paid a dividend of 0.3459 per share by the energy company on Tuesday, July 29th. This represents a yield of 6.33%. The ex-dividend date of this dividend is Tuesday, July 15th. This is a 139.0% increase from Sabine Royalty Trust’s previous dividend of $0.14.

Sabine Royalty Trust Trading Up 2.1%

Shares of NYSE:SBR opened at $66.97 on Wednesday. The stock has a market capitalization of $976.36 million, a PE ratio of 12.56 and a beta of 0.28. Sabine Royalty Trust has a 1 year low of $58.25 and a 1 year high of $70.20. The firm has a fifty day moving average price of $66.01 and a 200 day moving average price of $66.01.

Sabine Royalty Trust (NYSE:SBRGet Free Report) last issued its quarterly earnings data on Friday, May 9th. The energy company reported $1.24 earnings per share (EPS) for the quarter. The firm had revenue of $19.40 million during the quarter. Sabine Royalty Trust had a net margin of 95.36% and a return on equity of 904.22%.

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 acquired a new position in shares of Sabine Royalty Trust (NYSE:SBRFree Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,404 shares of the energy company’s stock, valued at approximately $772,000. Jane Street Group LLC owned about 0.08% of Sabine Royalty Trust as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other 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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