Sabine Royalty Trust (SBR) to Issue Monthly Dividend of $0.29 on March 30th

Sabine Royalty Trust (NYSE:SBR) announced a monthly dividend on Friday, March 6th. Stockholders of record on Monday, March 16th will be given a dividend of 0.2862 per share by the energy company on Monday, March 30th. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Monday, March 16th. This is a 1.0% increase from Sabine Royalty Trust’s previous monthly dividend of $0.28.

Sabine Royalty Trust has increased its dividend by an average of 0.1%annually over the last three years.

Sabine Royalty Trust Price Performance

Sabine Royalty Trust stock opened at $73.60 on Friday. The stock’s 50 day moving average price is $69.93 and its 200 day moving average price is $72.49. The company has a market cap of $1.07 billion, a PE ratio of 13.55 and a beta of 0.28. Sabine Royalty Trust has a 1-year low of $58.25 and a 1-year high of $84.39.

Institutional Trading of Sabine Royalty Trust

A number of institutional investors have recently bought and sold shares of SBR. Americana Partners LLC increased its position in shares of Sabine Royalty Trust by 2.1% in the fourth quarter. Americana Partners LLC now owns 269,933 shares of the energy company’s stock valued at $18,509,000 after buying an additional 5,529 shares in the last quarter. Beacon Pointe Advisors LLC boosted its position in shares of Sabine Royalty Trust by 1.3% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 195,894 shares of the energy company’s stock worth $13,017,000 after buying an additional 2,443 shares in the last quarter. Prospera Financial Services Inc boosted its position in shares of Sabine Royalty Trust by 173.9% in the 4th quarter. Prospera Financial Services Inc now owns 158,609 shares of the energy company’s stock worth $10,876,000 after buying an additional 100,691 shares in the last quarter. Two Sigma Investments LP grew its stake in Sabine Royalty Trust by 31.0% in the 3rd quarter. Two Sigma Investments LP now owns 73,515 shares of the energy company’s stock valued at $5,842,000 after acquiring an additional 17,385 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Sabine Royalty Trust by 40.5% in the 3rd quarter. Bank of America Corp DE now owns 40,023 shares of the energy company’s stock valued at $3,180,000 after acquiring an additional 11,527 shares during the last quarter. 15.81% of the stock is currently owned by hedge funds and other institutional investors.

About Sabine Royalty Trust

Sabine Royalty Trust is a Delaware statutory trust that owns a non-operating royalty interest in a portfolio of oil and gas properties. Rather than engaging in exploration or production activities directly, the trust receives a share of net proceeds from hydrocarbon production on the underlying properties and distributes those proceeds to unitholders on a monthly basis.

The trust was established in 1982 through a transaction with Sabine Oil & Gas Corporation, which transferred its overriding royalty interests in numerous wells and acreage to the trust.