Sabine Royalty Trust (NYSE:SBR) to Issue 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. Stockholders of record on Monday, August 18th will be given a dividend of 0.7447 per share by the energy company on Friday, August 29th. This represents a dividend 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 Stock Up 0.9%

Shares of SBR traded up $0.63 during mid-day trading on Thursday, hitting $72.30. 6,887 shares of the company traded hands, compared to its average volume of 35,255. Sabine Royalty Trust has a 1-year low of $58.25 and a 1-year high of $72.40. The company has a market capitalization of $1.05 billion, a PE ratio of 14.34 and a beta of 0.27. The business has a 50 day moving average of $66.80 and a 200 day moving average of $66.33.

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