Sabine Royalty Trust (NYSE:SBR – Get Free Report) announced a monthly dividend on Friday, September 4th. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.3317 per share by the energy company on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date is Tuesday, September 15th.
Sabine Royalty Trust has increased its dividend by an average of 0.2%annually over the last three years.
Sabine Royalty Trust Stock Up 0.0%
Sabine Royalty Trust stock opened at $74.81 on Friday. The company has a 50 day moving average of $73.50 and a 200-day moving average of $74.32. Sabine Royalty Trust has a twelve month low of $65.31 and a twelve month high of $84.39. The stock has a market capitalization of $1.09 billion, a PE ratio of 15.27 and a beta of 0.22.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised Sabine Royalty Trust from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Sabine Royalty Trust presently has a consensus rating of “Buy”.
Get Our Latest Stock Report on SBR
About Sabine Royalty Trust
Sabine Royalty Trust (NYSE:SBR) is a grantor trust that owns royalty and mineral interests in a portfolio of oil and natural gas properties in the United States. The trust does not drill wells or directly operate producing properties. Instead, independent exploration and production companies develop and operate the properties, with the trust receiving a portion of the resulting production revenues.
The trust’s interests are located primarily in Texas, Louisiana, Oklahoma, New Mexico, Mississippi and Florida.
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