StockNews.com upgraded shares of Sabine Royalty Trust (NYSE:SBR – Free Report) from a hold rating to a buy rating in a research report sent to investors on Monday morning.
Sabine Royalty Trust Stock Down 0.0 %
NYSE SBR opened at $62.44 on Monday. The firm has a market capitalization of $910.31 million, a PE ratio of 10.84 and a beta of 0.48. The stock’s 50 day moving average is $64.11 and its 200 day moving average is $63.34. Sabine Royalty Trust has a twelve month low of $55.60 and a twelve month high of $72.50.
Sabine Royalty Trust Increases Dividend
The firm also recently declared a monthly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be paid a $0.451 dividend. This represents a $5.41 annualized dividend and a dividend yield of 8.67%. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.38. The ex-dividend date is Thursday, August 15th. Sabine Royalty Trust’s dividend payout ratio (DPR) is presently 93.92%.
Institutional Trading of Sabine Royalty Trust
Sabine Royalty Trust Company Profile
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.
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