Sabine Royalty Trust (SBR) To Go Ex-Dividend on April 15th

Sabine Royalty Trust (NYSE:SBR) declared a monthly dividend on Thursday, April 2nd. Stockholders of record on Wednesday, April 15th will be given a dividend of 0.325 per share by the energy company on Wednesday, April 29th. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Wednesday, April 15th. This is a 13.5% increase from Sabine Royalty Trust’s previous monthly dividend of $0.29.

Sabine Royalty Trust has increased its dividend payment by an average of 0.2%annually over the last three years.

Sabine Royalty Trust Stock Performance

Shares of NYSE:SBR traded up $0.07 on Monday, hitting $75.85. 30,487 shares of the company’s stock were exchanged, compared to its average volume of 41,048. The company has a market capitalization of $1.11 billion, a PE ratio of 15.05 and a beta of 0.30. Sabine Royalty Trust has a 1-year low of $62.23 and a 1-year high of $84.39. The firm’s 50-day moving average is $72.93 and its 200 day moving average is $72.39.

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.