Sabine Royalty Trust (SBR) to Issue Dividend of $0.20

Sabine Royalty Trust (NYSE:SBR) declared a dividend on Tuesday, December 5th, NASDAQ reports. Investors of record on Friday, December 15th will be given a dividend of 0.199 per share by the energy company on Friday, December 29th. The ex-dividend date is Thursday, December 14th. This is a positive change from Sabine Royalty Trust’s previous dividend of $0.14.

Sabine Royalty Trust has decreased its dividend by an average of 21.0% per year over the last three years.

Sabine Royalty Trust (SBR) traded down $0.30 during trading on Wednesday, reaching $43.30. 18,400 shares of the company were exchanged, compared to its average volume of 20,600. Sabine Royalty Trust has a fifty-two week low of $33.50 and a fifty-two week high of $44.80. The stock has a market cap of $635.66, a price-to-earnings ratio of 19.21 and a beta of 0.23.

A hedge fund recently raised its stake in Sabine Royalty Trust stock. State Street Corp raised its position in Sabine Royalty Trust (NYSE:SBR) by 1.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,240 shares of the energy company’s stock after purchasing an additional 140 shares during the period. State Street Corp owned 0.07% of Sabine Royalty Trust worth $397,000 at the end of the most recent reporting period. 8.81% of the stock is owned by institutional investors and hedge funds.

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About Sabine Royalty Trust

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.

Dividend History for Sabine Royalty Trust (NYSE:SBR)

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