Sabine Royalty Trust to Issue Monthly Dividend of $0.43 (NYSE:SBR)

Sabine Royalty Trust (NYSE:SBR - Get Free Report) announced a monthly dividend on Monday, June 9th, Wall Street Journal reports. Investors of record on Monday, June 16th will be paid a dividend of 0.4265 per share by the energy company on Monday, June 30th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 7.72%. The ex-dividend date of this dividend is Monday, June 16th.

Sabine Royalty Trust Stock Performance

SBR stock traded down $0.15 during midday trading on Thursday, reaching $66.33. 20,769 shares of the company's stock traded hands, compared to its average volume of 38,252. Sabine Royalty Trust has a 52 week low of $58.25 and a 52 week high of $70.20. The company has a 50-day moving average price of $65.39 and a two-hundred day moving average price of $65.70. The firm has a market capitalization of $967.03 million, a PE ratio of 10.22 and a beta of 0.29.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The energy company reported $1.24 earnings per share for the quarter. The firm had revenue of $19.40 million for the quarter. Sabine Royalty Trust had a return on equity of 1,088.44% and a net margin of 96.72%.

Hedge Funds Weigh In On Sabine Royalty Trust

A hedge fund recently bought a new stake in Sabine Royalty Trust stock. Jane Street Group LLC bought a new stake in Sabine Royalty Trust (NYSE:SBR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,404 shares of the energy company's stock, valued at approximately $772,000. Jane Street Group LLC owned 0.08% of Sabine Royalty Trust as of its most recent SEC filing. 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.