Sabine Royalty Trust (SBR) To Go Ex-Dividend on November 15th

Sabine Royalty Trust (NYSE:SBR) announced a monthly dividend on Tuesday, November 5th,NASDAQ Dividends reports. Investors of record on Friday, November 15th will be paid a dividend of 0.5144 per share by the energy company on Friday, November 29th. This represents a $6.17 annualized dividend and a yield of 9.88%. The ex-dividend date is Friday, November 15th. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.44.

Sabine Royalty Trust Price Performance

NYSE SBR opened at $62.45 on Wednesday. The firm has a market capitalization of $910.52 million, a price-to-earnings ratio of 10.20 and a beta of 0.47. The company has a 50 day simple moving average of $61.34 and a 200-day simple moving average of $62.99. Sabine Royalty Trust has a 52-week low of $57.73 and a 52-week high of $72.50.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Sabine Royalty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday.

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.