Sabine Royalty Trust (NYSE:SBR – Get Free Report) announced a dividend on Friday, January 3rd,NASDAQ Dividends reports. Shareholders of record on Wednesday, January 15th will be given a dividend of 0.4483 per share by the energy company on Wednesday, January 29th. The ex-dividend date is Wednesday, January 15th. This is a positive change from Sabine Royalty Trust’s previous dividend of $0.14.
Sabine Royalty Trust Stock Performance
SBR stock traded up $0.65 during midday trading on Friday, reaching $65.81. 29,823 shares of the company were exchanged, compared to its average volume of 32,911. The stock’s 50-day simple moving average is $63.29 and its 200 day simple moving average is $62.93. The company has a market cap of $959.51 million, a price-to-earnings ratio of 10.14 and a beta of 0.48. Sabine Royalty Trust has a 1-year low of $57.73 and a 1-year high of $69.78.
Analyst Ratings Changes
Separately, StockNews.com raised Sabine Royalty Trust from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th.
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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