Sabine Royalty Trust (NYSE:SBR) Plans Dividend Increase - $0.74 Per Share

Key Points

• Sabine Royalty Trust has announced a dividend increase to $0.74 per share, representing a significant 115.3% increase from the previous dividend of $0.35.
• The dividend yield stands at 1,275.0%, with the ex-dividend date set for August 15th and payment to be made on August 29th.
• In their latest earnings report, Sabine Royalty Trust posted an EPS of $1.22 and achieved a return on equity of 825.32% for the quarter.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) declared a dividend on Tuesday, August 12th, investing.com reports. Shareholders of record on Monday, August 18th will be paid a dividend of 0.7447 per share by the energy company on Friday, August 29th. This represents a yield of 1,275.0%. The ex-dividend date of this dividend is Friday, August 15th. This is a 115.3% increase from Sabine Royalty Trust's previous dividend of $0.35.

Sabine Royalty Trust Price Performance

NYSE SBR traded down $0.01 on Friday, reaching $71.58. The stock had a trading volume of 57,214 shares, compared to its average volume of 33,503. The firm has a fifty day moving average of $66.99 and a two-hundred day moving average of $66.40. Sabine Royalty Trust has a 1-year low of $58.25 and a 1-year high of $73.00. The company has a market cap of $1.04 billion, a P/E ratio of 14.20 and a beta of 0.27.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last issued its quarterly earnings data on Friday, August 8th. The energy company reported $1.22 EPS for the quarter. Sabine Royalty Trust had a return on equity of 866.81% and a net margin of 94.85%. The firm had revenue of $18.70 million for the quarter.

About Sabine Royalty Trust

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.