Sabine Royalty Trust (NYSE:SBR) Raises Dividend to $0.45 Per Share

Sabine Royalty Trust (NYSE:SBR) declared a dividend on Friday, January 3rd,NASDAQ Dividends reports. Shareholders of record on Wednesday, January 15th will be given a dividend of 0.4483 per share by the energy company on Wednesday, January 29th. The ex-dividend date is Wednesday, January 15th. This is an increase from Sabine Royalty Trust’s previous dividend of $0.14.

Sabine Royalty Trust Stock Up 1.0 %

Shares of SBR traded up $0.65 during mid-day trading on Friday, reaching $65.81. 29,823 shares of the stock traded hands, compared to its average volume of 32,911. The stock has a fifty day simple moving average of $63.29 and a 200 day simple moving average of $62.93. Sabine Royalty Trust has a 12-month low of $57.73 and a 12-month high of $69.78. The firm has a market cap of $959.51 million, a price-to-earnings ratio of 10.14 and a beta of 0.48.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Sabine Royalty Trust from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th.

Sabine Royalty Trust Company Profile

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.