Sabine Royalty Trust (NYSE:SBR) Plans Dividend Increase to $0.44 Per Share

Sabine Royalty Trust (NYSE:SBR) recently made an announcement regarding an increase in its dividend payouts. On February 7th, the company declared a dividend of $0.4395 per share. This payment will be distributed to shareholders recorded on February 18th. The dividend is scheduled to be distributed on February 28th, marking a significant increase from the previous dividend of $0.14.

Stock Performance

In trading on February 7th, Sabine Royalty Trust's stock increased by 0.4%, reaching $67.33 with a total volume of 12,752 shares exchanged. This performance is slightly lower than its average trading volume of 40,391 shares. The company currently holds a market capitalization of approximately $981.60 million, a price-to-earnings (P/E) ratio of 10.37, and a beta of 0.48. Its 50-day moving average stands at $65.34, while its 200-day moving average is $63.24. Over the past year, Sabine Royalty Trust has seen a low of $58.60 and a high of $69.50.

Earnings Results

Sabine Royalty Trust reported its earnings on November 12th, with the company announcing an earnings per share (EPS) of $1.31 for the latest quarter. The energy company has demonstrated a robust net margin of 96.72% and a remarkable return on equity of 1,088.44%. During this quarter, its revenue reached $19.93 million.

Analyst Ratings

On February 2nd, in a separate report, StockNews.com revised the rating for Sabine Royalty Trust, adjusting it from a "buy" to a "hold” status.

About the Company

Sabine Royalty Trust is involved in holding royalty and mineral interests across several oil and gas properties in the United States. These interests encompass landowner’s royalties, overriding royalty interests, and other non-participatory interests in producing and proved undeveloped oil and gas properties located in states including Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas.

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