Stocks

Sabine Royalty Trust (NYSE:SBR) Announces Dividend Increase

Published February 10, 2025

Sabine Royalty Trust (NYSE:SBR) has declared an increase in its dividend, which was announced on Friday, February 7th. This energy company will be paying shareholders a dividend of $0.4395 per share, with payments scheduled for Friday, February 28th. To qualify for the dividend, shareholders must be on record by Tuesday, February 18th, the same day as the ex-dividend date. This marks a significant increase compared to Sabine Royalty Trust's previous dividend of $0.14.

Market Performance of Sabine Royalty Trust

On Friday, NYSE:SBR saw a rise of 0.4%, trading up by $0.26 to reach $67.33. During the trading session, 12,752 shares changed hands, which is lower than the average trading volume of 40,391 shares. The company boasts a market capitalization of $981.60 million, with a price-to-earnings ratio of 10.37 and a beta of 0.48. The stock's 50-day moving average stands at $65.34, while the 200-day moving average is $63.24. Over the past year, the stock has seen a low of $58.60 and a high of $69.50.

Recent Earnings Results

In its last earnings report issued on November 12th, Sabine Royalty Trust reported earnings of $1.31 per share for the quarter. The company exhibited a strong net margin of 96.72% and an impressive return on equity of 1,088.44%. Additionally, it generated revenue of $19.93 million during the reporting quarter.

Analyst Ratings Update

In a recent assessment, StockNews.com downgraded Sabine Royalty Trust from a "buy" rating to a "hold" rating, as mentioned in a research report on February 2nd.

Overview of Sabine Royalty Trust

Sabine Royalty Trust operates by holding royalty and mineral interests in various oil and gas properties across the United States. Their interests include landowner royalties, overriding royalty interests, mineral rights, production payments, and other similar interests in producing and unproven oil and gas reserves in states such as Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas.

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