Shares of Sabine Royalty Trust stock traded up $0.51 on Friday, reaching $65.92. 55,408 shares of the company were exchanged, compared to its average volume of 63,643. The company’s 50-day moving average is $61.05 and its two-hundred day moving average is $51.48. Sabine Royalty Trust has a 1-year low of $35.08 and a 1-year high of $67.79.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Monday, May 16th will be paid a dividend of $0.604 per share. This represents a $7.25 annualized dividend and a yield of 11.00%. The ex-dividend date of this dividend is Friday, May 13th. Sabine Royalty Trust’s payout ratio is currently 312.86%.
About Sabine Royalty Trust (Get Rating)
Sabine Royalty Trust holds royalty and mineral interests in various producing oil and gas properties in the United States. The company's royalty and mineral interests include landowner's royalties, overriding royalty interests, minerals, production payments, and other similar non-participatory interest in certain producing and proved undeveloped oil and gas properties located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas.
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