Sabine Royalty Trust Announces Dividend Increase to $0.44 Per Share

Sabine Royalty Trust (NYSE:SBR) made an important announcement regarding dividends on February 7th. The energy company will distribute a dividend amounting to $0.4395 per share, which will be paid to shareholders of record on February 18th. The payment is scheduled for February 28th. On February 18th, the ex-dividend date will also occur. This marks a significant improvement from the previous dividend of $0.14 that Sabine Royalty Trust issued.

Stock Performance of Sabine Royalty Trust

On the day of the announcement, Sabine Royalty Trust's stock increased by 0.4%, closing at $67.33. During that day's trading session, approximately 12,752 shares changed hands, in comparison to the average trading volume of 40,391 shares. The company has a market capitalization of about $981.60 million, a price-to-earnings (P/E) ratio of 10.37, and a beta of 0.48. Over the past 50 days, the stock's moving average was $65.34, while the two-hundred-day moving average stood at $63.24. The twelve-month stock price range for Sabine Royalty Trust was between $58.60 (low) and $69.50 (high).

Earnings Report

Sabine Royalty Trust recently released its earnings results on November 12th. The company reported earnings per share (EPS) of $1.31 for the quarter. The trust boasted an impressive net margin of 96.72% and a staggering return on equity of 1,088.44%. In that quarter, it recorded a revenue of $19.93 million.

Analyst Ratings

As part of recent market analysis, StockNews.com adjusted its rating for Sabine Royalty Trust, lowering it from "buy" to "hold" as reported on February 2nd. Investors may want to consider this change when evaluating the stock.

About Sabine Royalty Trust

Sabine Royalty Trust is involved in holding royalty and mineral interests across various oil and gas properties located in the United States. Its interests include landowner's royalties, overriding royalty interests, and other non-participatory interests in several producing and undeveloped oil and gas properties primarily found in states such as Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas.

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