Sabine Royalty Trust (NYSE:SBR - Get Free Report) announced a dividend on Tuesday, July 8th, investing.com reports. Investors of record on Wednesday, July 16th will be given a dividend of 0.3459 per share by the energy company on Tuesday, July 29th. This represents a dividend yield of 6.33%. The ex-dividend date is Tuesday, July 15th. This is a 139.0% increase from Sabine Royalty Trust's previous dividend of $0.14.
Sabine Royalty Trust Price Performance
Shares of SBR stock traded down $0.40 on Wednesday, hitting $66.64. The company's stock had a trading volume of 2,812 shares, compared to its average volume of 37,723. Sabine Royalty Trust has a fifty-two week low of $58.25 and a fifty-two week high of $70.20. The firm's fifty day moving average price is $66.01 and its 200-day moving average price is $66.01. The stock has a market capitalization of $971.47 million, a price-to-earnings ratio of 12.50 and a beta of 0.28.
Sabine Royalty Trust (NYSE:SBR - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The energy company reported $1.24 earnings per share (EPS) for the quarter. Sabine Royalty Trust had a net margin of 95.36% and a return on equity of 904.22%. The business had revenue of $19.40 million during the quarter.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Sabine Royalty Trust stock. Jane Street Group LLC bought a new position in Sabine Royalty Trust (NYSE:SBR - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 11,404 shares of the energy company's stock, valued at approximately $772,000. Jane Street Group LLC owned 0.08% of Sabine Royalty Trust at the end of the most recent reporting period. Institutional investors and hedge funds own 15.81% of the company's stock.
About Sabine Royalty Trust
(
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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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