Sabine Royalty Trust (NYSE:SBR) to Issue Monthly Dividend of $0.44

Posted by Editorial Team on Oct 6th, 2024

Sabine Royalty Trust (NYSE:SBR – Get Free Report) announced a monthly dividend on Friday, October 4th, Zacks reports. Shareholders of record on Tuesday, October 15th will be given a dividend of 0.4358 per share by the energy company on Tuesday, October 29th. This represents a $5.23 annualized dividend and a dividend yield of 8.37%. The ex-dividend date is Tuesday, October 15th. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.14.

Sabine Royalty Trust Stock Down 0.5 %

Sabine Royalty Trust stock opened at $62.45 on Friday. Sabine Royalty Trust has a one year low of $55.60 and a one year high of $72.50. The business has a fifty day moving average price of $62.04 and a 200-day moving average price of $63.54.

Sabine Royalty Trust (NYSE:SBR – Get Free Report) last posted its earnings results on Thursday, August 8th. The energy company reported $1.51 earnings per share for the quarter. Sabine Royalty Trust had a return on equity of 1,098.84% and a net margin of 96.63%. The business had revenue of $22.78 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research note on Monday, August 12th.

Get Our Latest Stock Analysis on SBR

Sabine Royalty Trust Company Profile

(Get Free Report)

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.