Sabine Royalty Trust (NYSE:SBR) declared a monthly dividend on Tuesday, February 6th, Wall Street Journal reports. Investors of record on Thursday, February 15th will be given a dividend of 0.1912 per share by the energy company on Wednesday, February 28th. This represents a $2.29 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date of this dividend is Wednesday, February 14th.
Sabine Royalty Trust has decreased its dividend payment by an average of 16.7% annually over the last three years.
Sabine Royalty Trust (NYSE:SBR) remained flat at $$45.10 during trading hours on Tuesday. The company had a trading volume of 959 shares, compared to its average volume of 21,664. Sabine Royalty Trust has a 12-month low of $33.50 and a 12-month high of $50.00. The stock has a market cap of $644.41, a PE ratio of 19.47 and a beta of 0.10.
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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.
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