Sabine Royalty Trust (NYSE:SBR) to Issue Dividend Increase – $0.50 Per Share

Sabine Royalty Trust (NYSE:SBR) declared a monthly dividend on Monday, April 7th, Wall Street Journal reports. Stockholders of record on Tuesday, April 15th will be paid a dividend of 0.5039 per share by the energy company on Tuesday, April 29th. This represents a $6.05 annualized dividend and a dividend yield of 9.44%. The ex-dividend date of this dividend is Tuesday, April 15th. This is a 67.3% increase from Sabine Royalty Trust’s previous monthly dividend of $0.30.

Sabine Royalty Trust Price Performance

NYSE SBR opened at $64.03 on Friday. Sabine Royalty Trust has a one year low of $58.25 and a one year high of $70.20. The stock’s 50-day moving average is $66.17 and its 200-day moving average is $64.50. The firm has a market cap of $933.42 million, a P/E ratio of 9.87 and a beta of 0.25.

Sabine Royalty Trust (NYSE:SBR) last announced its quarterly earnings data on Thursday, February 27th. The energy company reported $1.27 earnings per share (EPS) for the quarter. Sabine Royalty Trust had a return on equity of 1,088.44% and a net margin of 96.72%. The company had revenue of $19.55 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research report on Monday, February 10th.

About Sabine Royalty Trust

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.