Sabine Royalty Trust(NYSE:SBR) Declares Dividend of $0.2332.

Sabine Royalty Trust (NYSE:SBR) had declared a cash dividend of $0.2332 on Oct 5, 2016. The shares will quote ex-dividend on Oct 13, 2016 and the record date has been fixed for Oct 17, 2016. On Oct 5, 2016 share price, the yield comes out to be 7.6543%. The dividend payable date has been fixed on Oct 31, 2016.

Sabine Royalty Trust (SBR) shares turned negative on Fridays trading session with the shares closing down -0.08 points or -0.22% at a volume of 14,411. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $37.2205. The peak price level was also seen at $37.2205 while the days lowest was $36.8985. Finally the shares closed at $36.97. The 52-week high of the shares is $40.99 while the 52-week low is $22.752. According to the latest information available, the market cap of the company is $539 M.

Sabine Royalty Trust (the Trust) is an express trust. The trustee of the Trust is Southwest Bank. The Royalty Properties are the assets of the Trust. The Royalty Properties constitutes interests in gross production of oil gas and other minerals free of the costs of production. The Royalty Properties consist of royalty and mineral interests including landowner’s royalties overriding royalty interests minerals (other than executive rights bonuses and delay rentals) production payments and any 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. These properties are represented by approximately 5400 tracts of land. Approximately 2950 of the tracts are in Oklahoma 1750 in Texas 330 in Louisiana 200 in New Mexico 150 in Mississippi and 12 in Florida.

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