Sabine Royalty Trust (NYSE:SBR) Announces Dividend Increase - $0.50 Per Share

Key Points

• Sabine Royalty Trust declared a monthly dividend of $0.4979 per share, payable May 29 to holders of record on May 15 (ex‑dividend date May 15); this equates to an annualized yield of 7.7% and is a 53.2% increase from the prior $0.32 monthly payout.
• The trust is a Delaware statutory trust that owns non‑operating royalty interests in oil and gas properties, receiving and distributing a share of net production proceeds to unitholders each month.
• Shares recently traded at $78.04 (down $0.27), implying a market capitalization of about $1.14 billion, a PE ratio near 15.5, and a 52‑week range of $62.23–$84.39.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) announced a monthly dividend on Tuesday, May 5th. Shareholders of record on Friday, May 15th will be given a dividend of 0.4979 per share by the energy company on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Friday, May 15th. This is a 53.2% increase from Sabine Royalty Trust's previous monthly dividend of $0.32.

Sabine Royalty Trust has raised its dividend payment by an average of 0.2%annually over the last three years.

Sabine Royalty Trust Stock Performance

NYSE:SBR traded down $0.27 during trading hours on Tuesday, reaching $78.04. The stock had a trading volume of 45,160 shares, compared to its average volume of 40,309. Sabine Royalty Trust has a 52 week low of $62.23 and a 52 week high of $84.39. The company has a 50 day moving average price of $74.21 and a two-hundred day moving average price of $72.38. The stock has a market capitalization of $1.14 billion, a PE ratio of 15.48 and a beta of 0.23.

Sabine Royalty Trust Company Profile

Sabine Royalty Trust is a Delaware statutory trust that owns a non-operating royalty interest in a portfolio of oil and gas properties. Rather than engaging in exploration or production activities directly, the trust receives a share of net proceeds from hydrocarbon production on the underlying properties and distributes those proceeds to unitholders on a monthly basis.

The trust was established in 1982 through a transaction with Sabine Oil & Gas Corporation, which transferred its overriding royalty interests in numerous wells and acreage to the trust.

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