Sabine Royalty Trust (NYSE:SBR) Raises Dividend to $0.38 Per Share

Sabine Royalty Trust (NYSE:SBR) announced a dividend on Friday, July 5th, NASDAQ reports. Shareholders of record on Monday, July 15th will be given a dividend of 0.379 per share by the energy company on Monday, July 29th. The ex-dividend date is Monday, July 15th. This is an increase from Sabine Royalty Trust’s previous dividend of $0.14.

Sabine Royalty Trust Trading Down 5.2 %

Shares of NYSE:SBR opened at $63.84 on Friday. The stock has a 50 day moving average of $64.31 and a 200 day moving average of $63.89. The company has a market cap of $930.79 million, a PE ratio of 11.08 and a beta of 0.48. Sabine Royalty Trust has a 12-month low of $55.60 and a 12-month high of $72.50.

Sabine Royalty Trust (NYSE:SBR) last posted its quarterly earnings results on Thursday, May 9th. The energy company reported $1.37 earnings per share for the quarter. The business had revenue of $20.76 million during the quarter. Sabine Royalty Trust had a net margin of 96.22% and a return on equity of 1,059.92%.

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.