Sabine Royalty Trust (NYSE:SBR) to Issue Dividend of $0.45

Sabine Royalty Trust (NYSE:SBR) announced a dividend on Friday, January 3rd,NASDAQ Dividends reports. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.4483 per share by the energy company on Wednesday, January 29th. The ex-dividend date is Wednesday, January 15th. This is an increase from Sabine Royalty Trust’s previous dividend of $0.14.

Sabine Royalty Trust Price Performance

NYSE:SBR opened at $65.81 on Friday. The firm has a market cap of $959.51 million, a price-to-earnings ratio of 10.14 and a beta of 0.48. The firm’s fifty day moving average price is $63.29 and its 200 day moving average price is $62.93. Sabine Royalty Trust has a 1-year low of $57.73 and a 1-year high of $69.78.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Sabine Royalty Trust from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th.

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.