Sabine Royalty Trust Plans Dividend Increase - $0.44 Per Share

Sabine Royalty Trust (NYSE:SBR) announced an increase in its dividend on Friday, February 7th. According to reports, shareholders who own the stock as of Tuesday, February 18th, will receive a dividend payment of 0.4395 per share. This payout will be made on Friday, February 28th. Investors should note that the ex-dividend date falls on Tuesday, February 18th. This notable adjustment reflects a significant increase from the Trust's previous dividend of $0.14.

Stock Performance

On the same day the dividend announcement was made, Sabine Royalty Trust stock experienced a slight uptick of 0.4%, closing at $67.33. During trading, a total of 12,752 shares changed hands, which is lower than its average trading volume of 40,391 shares. The company's market capitalization stands at approximately $981.60 million, with a price-to-earnings ratio of 10.37 and a beta value of 0.48. Over the past year, shares of Sabine Royalty Trust have reached a low of $58.60 and a high of $69.50.

Earnings Report

Previously, on November 12th, Sabine Royalty Trust disclosed its earnings, revealing an earnings per share (EPS) of $1.31 for the quarter. The company enjoys a robust net margin of 96.72% and a staggering return on equity of 1,088.44%, with quarterly revenue totaling $19.93 million.

Analyst Ratings

In a recent development, StockNews.com changed its rating for Sabine Royalty Trust from a "buy" to a "hold" rating as of February 2nd.

Overview of Sabine Royalty Trust

Sabine Royalty Trust is involved in holding royalty and mineral interests across various oil and gas properties in the United States. These interests involve landowner's royalties, overriding royalty interests, minerals, production payments, and similar non-participatory interests in producing and proved undeveloped oil and gas properties primarily located in states like Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas.

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