Sabine Royalty Trust (NYSE:SBR – Get Rating) announced a quarterly dividend on Friday, August 5th, Zacks reports. Stockholders of record on Monday, August 15th will be paid a dividend of 0.829 per share by the energy company on Monday, August 29th. This represents a $3.32 annualized dividend and a dividend yield of 4.96%. The ex-dividend date of this dividend is Friday, August 12th. This is a boost from Sabine Royalty Trust’s previous quarterly dividend of $0.39.
Sabine Royalty Trust Stock Up 4.2 %
NYSE:SBR traded up $2.71 during mid-day trading on Friday, hitting $66.82. The stock had a trading volume of 53,919 shares, compared to its average volume of 63,848. The stock has a 50-day simple moving average of $67.69 and a two-hundred day simple moving average of $61.76. Sabine Royalty Trust has a twelve month low of $37.00 and a twelve month high of $90.73.
Sabine Royalty Trust (NYSE:SBR – Get Rating) last announced its quarterly earnings results on Thursday, May 12th. The energy company reported $1.58 EPS for the quarter. The company had revenue of $23.93 million for the quarter. Sabine Royalty Trust had a net margin of 95.76% and a return on equity of 707.91%.
Hedge Funds Weigh In On Sabine Royalty Trust
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of Sabine Royalty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, May 24th.
Sabine Royalty Trust Company Profile
Sabine Royalty Trust holds royalty and mineral interests in various producing oil and gas properties in the United States. The company's 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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