Sabine Royalty Trust (NYSE:SBR) Plans Monthly Dividend of $0.37

Key Points

• Sabine Royalty Trust announced a monthly dividend of $0.37 per share, with an annualized yield of 5.9%, payable on October 29th to investors of record by October 15th.
• The company's shares recently traded down to $75.33, with a market cap of $1.10 billion and a price-to-earnings ratio of 14.95.
• Analysts currently maintain a "hold" rating on Sabine Royalty Trust, indicating a cautious outlook from market watchers.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) declared a monthly dividend on Friday, October 3rd. Investors of record on Wednesday, October 15th will be given a dividend of 0.3689 per share by the energy company on Wednesday, October 29th. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Wednesday, October 15th.

Sabine Royalty Trust Price Performance

Shares of NYSE SBR traded down $2.69 during trading on Friday, hitting $75.33. 103,841 shares of the company were exchanged, compared to its average volume of 49,624. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 14.95 and a beta of 0.27. Sabine Royalty Trust has a 1 year low of $58.25 and a 1 year high of $84.39. The firm's fifty day moving average price is $73.74 and its 200 day moving average price is $68.57.

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

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Sabine Royalty Trust in a research note on Saturday, September 27th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of "Hold".

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.

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