Sabine Royalty Trust (NYSE:SBR) to Issue Dividend Increase – $0.18 Per Share

Sabine Royalty Trust (NYSE:SBR) declared a monthly dividend on Wednesday, July 3rd, NASDAQ reports. Shareholders of record on Monday, July 15th will be given a dividend of 0.176 per share by the energy company on Monday, July 29th. This represents a $2.11 annualized dividend and a yield of 4.42%. The ex-dividend date of this dividend is Friday, July 12th. This is a boost from Sabine Royalty Trust’s previous monthly dividend of $0.14.

Sabine Royalty Trust has raised its dividend payment by an average of 2.6% annually over the last three years and has raised its dividend annually for the last 2 consecutive years.

NYSE:SBR opened at $47.79 on Wednesday. The business has a fifty day simple moving average of $47.35. The stock has a market capitalization of $696.16 million, a PE ratio of 13.19 and a beta of 0.53. Sabine Royalty Trust has a 1 year low of $30.27 and a 1 year high of $52.59.

Sabine Royalty Trust (NYSE:SBR) last released its quarterly earnings data on Friday, May 3rd. The energy company reported $0.88 earnings per share (EPS) for the quarter. The firm had revenue of $13.74 million during the quarter. Sabine Royalty Trust had a return on equity of 932.75% and a net margin of 95.37%.

Sabine Royalty Trust Company Profile

Sabine Royalty Trust holds royalty and mineral interests in various 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.

Read More: Diluted Earnings Per Share

Dividend History for Sabine Royalty Trust (NYSE:SBR)

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