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

Sabine Royalty Trust (NYSE:SBR) declared a monthly dividend on Thursday, July 2nd. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.4292 per share by the energy company on Wednesday, July 29th. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend is Wednesday, July 15th.

Sabine Royalty Trust has raised its dividend payment by an average of 0.2%per year over the last three years.

Sabine Royalty Trust Stock Up 0.7%

NYSE SBR traded up $0.49 during trading on Thursday, hitting $73.18. The stock had a trading volume of 31,581 shares, compared to its average volume of 39,411. The company has a market capitalization of $1.07 billion, a PE ratio of 15.60 and a beta of 0.21. The firm has a 50 day moving average price of $75.40 and a 200 day moving average price of $72.77. Sabine Royalty Trust has a twelve month low of $65.15 and a twelve month high of $84.39.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Sabine Royalty Trust in a report on Tuesday, June 2nd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

About Sabine Royalty Trust

Sabine Royalty Trust is a Delaware statutory trust that owns a non-operating royalty interest in a portfolio of oil and gas properties. Rather than engaging in exploration or production activities directly, the trust receives a share of net proceeds from hydrocarbon production on the underlying properties and distributes those proceeds to unitholders on a monthly basis.

The trust was established in 1982 through a transaction with Sabine Oil & Gas Corporation, which transferred its overriding royalty interests in numerous wells and acreage to the trust.