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HomeMarketResultsSabine Royalty Trust (NYSE:SBR) Announces $0.63 Monthly Dividend

Sabine Royalty Trust (NYSE:SBR) Announces $0.63 Monthly Dividend


Sabine Royalty Belief (NYSE:SBRGet Rating) introduced a month-to-month dividend on Friday, January sixth, Zacks studies. Stockholders of document on Tuesday, January seventeenth will probably be paid a dividend of 0.632 per share by the vitality firm on Tuesday, January thirty first. This represents a $7.58 annualized dividend and a dividend yield of 9.17%. The ex-dividend date is Friday, January thirteenth.

Sabine Royalty Belief has raised its dividend by a mean of 42.0% yearly during the last three years.

Sabine Royalty Belief Inventory Up 1.6 %

Shares of NYSE:SBR opened at $82.74 on Friday. The agency’s 50-day easy shifting common is $82.28 and its 200-day easy shifting common is $75.90. Sabine Royalty Belief has a fifty-two week low of $43.19 and a fifty-two week excessive of $90.73.

Sabine Royalty Belief (NYSE:SBRGet Rating) final launched its quarterly earnings knowledge on Thursday, November tenth. The vitality firm reported $2.68 EPS for the quarter. The agency had income of $40.06 million for the quarter. Sabine Royalty Belief had a web margin of 97.08% and a return on fairness of 816.96%.

Wall Avenue Analysts Forecast Progress

Individually, StockNews.com raised shares of Sabine Royalty Belief from a “maintain” score to a “purchase” score in a report on Tuesday, November twenty second.

Institutional Buying and selling of Sabine Royalty Belief

Quite a lot of institutional buyers have just lately added to or lowered their stakes in SBR. State Avenue Corp lifted its holdings in shares of Sabine Royalty Belief by 2.7% within the third quarter. State Avenue Corp now owns 9,601 shares of the vitality firm’s inventory valued at $682,000 after buying an extra 250 shares within the final quarter. Royal Financial institution of Canada lifted its holdings in shares of Sabine Royalty Belief by 6,062.5% within the third quarter. Royal Financial institution of Canada now owns 493 shares of the vitality firm’s inventory valued at $35,000 after buying an extra 485 shares within the final quarter. UBS Group AG lifted its holdings in shares of Sabine Royalty Belief by 26.1% within the third quarter. UBS Group AG now owns 18,505 shares of the vitality firm’s inventory valued at $1,316,000 after buying an extra 3,832 shares within the final quarter. Occudo Quantitative Methods LP lifted its holdings in shares of Sabine Royalty Belief by 30.1% within the second quarter. Occudo Quantitative Methods LP now owns 7,654 shares of the vitality firm’s inventory valued at $466,000 after buying an extra 1,773 shares within the final quarter. Lastly, Citadel Advisors LLC lifted its holdings in shares of Sabine Royalty Belief by 129.3% within the second quarter. Citadel Advisors LLC now owns 40,743 shares of the vitality firm’s inventory valued at $2,480,000 after buying an extra 22,977 shares within the final quarter. Hedge funds and different institutional buyers personal 12.42% of the corporate’s inventory.

Sabine Royalty Belief Firm Profile

(Get Rating)

Sabine Royalty Belief holds royalty and mineral pursuits in varied producing oil and fuel properties in the USA. The corporate’s royalty and mineral pursuits embrace landowner’s royalties, overriding royalty pursuits, minerals, manufacturing funds, and different related non-participatory curiosity in sure producing and proved undeveloped oil and fuel properties positioned in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas.

Learn Extra

Dividend History for Sabine Royalty Trust (NYSE:SBR)

This prompt information alert was generated by narrative science expertise and monetary knowledge from MarketBeat with a purpose to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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