Media coverage about Sabine Royalty Trust (NYSE:SBR) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sabine Royalty Trust earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned media coverage about the energy company an impact score of 47.274411264426 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of NYSE SBR traded down $0.35 during trading hours on Friday, reaching $43.15. The stock had a trading volume of 13,982 shares, compared to its average volume of 18,564. The firm has a market capitalization of $634.20, a price-to-earnings ratio of 19.16 and a beta of 0.16. Sabine Royalty Trust has a twelve month low of $35.80 and a twelve month high of $50.00.
The company also recently announced a monthly dividend, which will be paid on Monday, April 30th. Investors of record on Monday, April 16th will be paid a $0.2793 dividend. This represents a $3.35 dividend on an annualized basis and a dividend yield of 7.77%. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.21. The ex-dividend date is Friday, April 13th.
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Sabine Royalty Trust (the Trust) is an express trust. The Royalty Properties are the assets of the Trust. The Royalty Properties constitute interests in gross production of oil, gas and other minerals free of the costs of production. Southwest Bank acts as trustee of the Trust. The Royalty Properties consist of royalty and mineral interests, including landowner’s royalties, overriding royalty interests, minerals (other than executive rights, bonuses and delay rentals), production payments and any 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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