Sabine Royalty Trust (NYSE:SBR – Get Free Report) declared a monthly dividend on Monday, August 5th, Zacks reports. Investors of record on Thursday, August 15th will be paid a dividend of 0.451 per share by the energy company on Thursday, August 29th. This represents a $5.41 dividend on an annualized basis and a yield of 8.78%. The ex-dividend date is Thursday, August 15th. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.38.
Sabine Royalty Trust Trading Up 0.3 %
Shares of SBR traded up $0.18 during midday trading on Wednesday, hitting $61.65. The stock had a trading volume of 23,780 shares, compared to its average volume of 35,922. Sabine Royalty Trust has a fifty-two week low of $55.60 and a fifty-two week high of $72.50. The business has a 50-day simple moving average of $64.14 and a two-hundred day simple moving average of $63.34. The firm has a market cap of $898.96 million, a P/E ratio of 10.65 and a beta of 0.48.
Analysts Set New Price Targets
Separately, StockNews.com upgraded Sabine Royalty Trust from a “hold” rating to a “buy” rating in a report on Monday.
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.
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