Sabine Royalty Trust Announces Dividend Increase

Sabine Royalty Trust (NYSE:SBR) made an announcement regarding a dividend on February 7th. Investors who are shareholders of record as of February 18th will receive a dividend of $0.4395 per share, which is scheduled to be paid on February 28th. The ex-dividend date for this payment will also be February 18th. This dividend represents a significant increase compared to Sabine Royalty Trust's last dividend of $0.14.

Recent Stock Performance

On the day of the announcement, Sabine Royalty Trust’s stock rose by 0.4%, trading at $67.33. A total of 12,752 shares changed hands, which is lower than the average volume of 40,391 shares. The company's market capitalization stands at approximately $981.60 million, with a price-to-earnings (P/E) ratio of 10.37 and a beta of 0.48. The stock’s 50-day moving average is $65.34, while the 200-day moving average is $63.24. Over the past year, the stock reached a low of $58.60 and a high of $69.50.

Earnings Results Overview

Sabine Royalty Trust reported its most recent earnings results on November 12th. The company announced earnings per share (EPS) of $1.31 for the quarter. It achieved an impressive net margin of 96.72% along with a return on equity of 1,088.44%. The reported revenue for the quarter was $19.93 million.

Analyst Ratings Update

In a recent revision, StockNews.com downgraded Sabine Royalty Trust from a "buy" rating to a "hold" rating as of February 2nd. This change reflects analysts' more cautious outlook for the stock moving forward.

About Sabine Royalty Trust

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

Conclusion

The increase in the dividend payout showcases Sabine Royalty Trust's strong performance and its commitment to returning value to shareholders. Investors are encouraged to stay informed about any further developments and upcoming financial reporting.

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