Sabine Royalty Trust (NYSE:SBR) to Issue $0.20 Monthly Dividend

by · The Cerbat Gem

Sabine Royalty Trust (NYSE:SBR – Get Free Report) announced a monthly dividend on Friday, December 5th. Investors of record on Monday, December 15th will be paid a dividend of 0.1967 per share by the energy company on Monday, December 29th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, December 15th.

Sabine Royalty Trust has raised its dividend payment by an average of 0.1%per year over the last three years.

Sabine Royalty Trust Stock Performance

SBR stock traded down $7.00 during trading on Friday, reaching $71.94. 92,216 shares of the company traded hands, compared to its average volume of 38,541. The business has a 50 day simple moving average of $74.43 and a 200 day simple moving average of $71.16. Sabine Royalty Trust has a 12 month low of $58.25 and a 12 month high of $84.39. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 13.25 and a beta of 0.25.

Sabine Royalty Trust (NYSE:SBR – Get Free Report) last announced its earnings results on Friday, November 7th. The energy company reported $1.70 EPS for the quarter. Sabine Royalty Trust had a net margin of 95.30% and a return on equity of 961.65%. The business had revenue of $25.52 million during the quarter.

Hedge Funds Weigh In On Sabine Royalty Trust

Several hedge funds have recently modified their holdings of the stock. Virtus Investment Advisers LLC raised its position in shares of Sabine Royalty Trust by 7.2% in the 2nd quarter. Virtus Investment Advisers LLC now owns 2,593 shares of the energy company’s stock valued at $173,000 after purchasing an additional 175 shares during the last quarter. Capital Investment Advisors LLC increased its stake in Sabine Royalty Trust by 1.5% during the 2nd quarter. Capital Investment Advisors LLC now owns 12,653 shares of the energy company’s stock valued at $841,000 after purchasing an additional 193 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Sabine Royalty Trust by 51.8% in the third quarter. Allworth Financial LP now owns 586 shares of the energy company’s stock worth $47,000 after buying an additional 200 shares during the last quarter. Carnegie Investment Counsel lifted its stake in shares of Sabine Royalty Trust by 2.8% during the second quarter. Carnegie Investment Counsel now owns 7,507 shares of the energy company’s stock worth $501,000 after buying an additional 207 shares during the period. Finally, HighTower Advisors LLC lifted its stake in shares of Sabine Royalty Trust by 3.8% during the first quarter. HighTower Advisors LLC now owns 6,725 shares of the energy company’s stock worth $454,000 after buying an additional 246 shares during the period. Institutional investors and hedge funds own 15.81% of the company’s stock.

Sabine Royalty Trust Company Profile

(Get Free Report)

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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