Sabine Royalty Trust Announces Dividend Increase

Sabine Royalty Trust (NYSE:SBR) made an announcement on Friday, February 7th, regarding an increase in its dividend. Shareholders who are on record by Tuesday, February 18th, will receive a dividend payment of $0.4395 per share on Friday, February 28th. The ex-dividend date for this payment is also set for Tuesday, February 18th. This new amount represents a notable increase compared to the previous dividend of $0.14.

Sabine Royalty Trust Stock Performance

The stock of Sabine Royalty Trust saw a 0.4% increase during trading on Friday, raising its price to $67.33. A total of 12,752 shares were traded, which is lower than its average trading volume of 40,391 shares. The company holds a market capitalization of approximately $981.60 million, with a price-to-earnings (P/E) ratio of 10.37. Additionally, it's noted that the company's beta stands at 0.48. The 50-day moving average is currently at $65.34, while the 200-day moving average is at $63.24. Over the past year, the stock has reached a low of $58.60 and a high of $69.50.

Recent Earnings Results

On Tuesday, November 12th, Sabine Royalty Trust reported its latest earnings. The company posted earnings per share (EPS) of $1.31 for the quarter. The energy firm demonstrated a strong net margin of 96.72% and a remarkable return on equity of 1,088.44%. Its revenue for the quarter was reported at $19.93 million.

Analyst Ratings Update

In a separate update, StockNews.com downgraded Sabine Royalty Trust's stock rating from "buy" to "hold" in a research report released on Sunday, February 2nd. This change reflects a more cautious outlook from analysts regarding the stock's future performance.

About Sabine Royalty Trust

Founded to manage various types of royalty and mineral interests, Sabine Royalty Trust holds investments in multiple producing oil and gas properties across the United States. Its interests encompass landowner royalties, overriding royalties, and production payments, along with other similar non-participatory interests located in states such as Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas.

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