Sabine Royalty Trust (NYSE:SBR) Announces Monthly Dividend of $0.29

Key Points

• Sabine Royalty Trust announced a monthly dividend of $0.2862 per share, with an ex‑dividend and record date of March 16 and payment on March 30; the distribution implies a 4.7% yield and is a 1.0% increase from the prior monthly payout.
• The trust is a Delaware vehicle that holds non‑operating oil and gas royalty interests (it collects production proceeds rather than operating wells); its shares recently traded at $73.60, implying a market cap of about $1.07 billion and a trailing P/E of ~13.6 (1‑year range $58.25–$84.39).

Sabine Royalty Trust (NYSE:SBR - Get Free Report) announced a monthly dividend on Friday, March 6th. Stockholders of record on Monday, March 16th will be given a dividend of 0.2862 per share by the energy company on Monday, March 30th. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, March 16th. This is a 1.0% increase from Sabine Royalty Trust's previous monthly dividend of $0.28.

Sabine Royalty Trust has increased its dividend payment by an average of 0.1%annually over the last three years.

Sabine Royalty Trust Stock Performance

Shares of NYSE:SBR traded up $0.65 on Friday, hitting $73.60. 32,667 shares of the company's stock were exchanged, compared to its average volume of 37,686. Sabine Royalty Trust has a 1-year low of $58.25 and a 1-year high of $84.39. The company has a market capitalization of $1.07 billion, a PE ratio of 13.55 and a beta of 0.28. The firm's 50-day moving average is $69.84 and its 200 day moving average is $72.45.

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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