Sabine Royalty Trust (NYSE:SBR) Plans Monthly Dividend of $0.60

Sabine Royalty Trust (NYSE:SBR - Get Free Report) announced a monthly dividend on Friday, May 3rd, Zacks reports. Stockholders of record on Wednesday, May 15th will be given a dividend of 0.598 per share by the energy company on Wednesday, May 29th. This represents a $7.18 dividend on an annualized basis and a dividend yield of 11.40%. The ex-dividend date of this dividend is Tuesday, May 14th. This is an increase from Sabine Royalty Trust's previous monthly dividend of $0.54.

Sabine Royalty Trust Stock Performance

SBR traded up $0.16 on Friday, reaching $62.95. The company had a trading volume of 46,327 shares, compared to its average volume of 29,325. The company's fifty day moving average is $63.04 and its 200 day moving average is $63.23. The stock has a market cap of $917.81 million, a P/E ratio of 10.17 and a beta of 0.51. Sabine Royalty Trust has a fifty-two week low of $55.60 and a fifty-two week high of $75.60.

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

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.