Sabine Royalty Trust (NYSE:SBR) Declares Dividend Increase - $0.54 Per Share

Sabine Royalty Trust (NYSE:SBR - Get Free Report) declared a monthly dividend on Friday, April 5th, investing.com reports. Investors of record on Monday, April 15th will be paid a dividend of 0.5355 per share by the energy company on Monday, April 29th. This represents a $6.43 dividend on an annualized basis and a yield of 9.44%. The ex-dividend date is Friday, April 12th. This is an increase from Sabine Royalty Trust's previous monthly dividend of $0.14.

Sabine Royalty Trust Trading Up 2.1 %

Sabine Royalty Trust stock traded up $1.37 during trading on Friday, reaching $68.09. The company had a trading volume of 36,460 shares, compared to its average volume of 22,121. Sabine Royalty Trust has a 52 week low of $55.60 and a 52 week high of $81.42. The firm's 50-day simple moving average is $62.04 and its 200 day simple moving average is $63.27. The firm has a market capitalization of $992.75 million, a price-to-earnings ratio of 11.00 and a beta of 0.51.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last announced its earnings results on Thursday, February 29th. The energy company reported $2.30 EPS for the quarter. Sabine Royalty Trust had a return on equity of 1,059.66% and a net margin of 96.20%. The company had revenue of $34.35 million for the quarter.

Institutional Investors Weigh In On Sabine Royalty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of SBR. Raymond James & Associates raised its holdings in Sabine Royalty Trust by 33.7% during the first quarter. Raymond James & Associates now owns 20,285 shares of the energy company's stock valued at $1,171,000 after acquiring an additional 5,108 shares during the period. HighTower Advisors LLC raised its holdings in Sabine Royalty Trust by 56.4% during the first quarter. HighTower Advisors LLC now owns 9,020 shares of the energy company's stock valued at $521,000 after acquiring an additional 3,254 shares during the period. Westwood Holdings Group Inc. bought a new stake in Sabine Royalty Trust during the first quarter valued at about $284,000. Moors & Cabot Inc. raised its holdings in Sabine Royalty Trust by 7.1% during the first quarter. Moors & Cabot Inc. now owns 9,080 shares of the energy company's stock valued at $524,000 after acquiring an additional 600 shares during the period. Finally, UBS Group AG increased its holdings in shares of Sabine Royalty Trust by 7.8% in the first quarter. UBS Group AG now owns 17,071 shares of the energy company's stock worth $986,000 after purchasing an additional 1,232 shares during the last quarter. 15.81% of the stock is owned by institutional investors.

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.