Sabine Royalty Trust dividend declines by 17% to $0.3752
- Sabine Royalty Trust (NYSE:SBR) declares $0.3127/share monthly dividend, -16.7% decrease from prior dividend of $0.3752.
- Forward yield 8.97%
- Payable Dec. 29; for shareholders of record Dec. 15; ex-div Dec. 14.
- The distribution reflects primarily the oil production for September 2021 and the gas production for August 2021. Preliminary production volumes are approximately 46,382 barrels of oil and 725,857 Mcf of gas.
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Comments (8)
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usmcr
12 Jan. 2022
yet the price has grown to $50+, and the div is .87/on a monthly div.
This is a stock you put away and leave for your kids. Yes this div will fall back to earth as shorter months- oil& gas prices but each month $$. This is a stock to leave to your kids.
This is a stock you put away and leave for your kids. Yes this div will fall back to earth as shorter months- oil& gas prices but each month $$. This is a stock to leave to your kids.
E
Euro-Mario
13 Jan. 2022
@billmward Or their drilling holes dry out, wich is the most possible case. Only when is not decided yet.
usmcr
13 Jan. 2022
@Euro-Mario you are right/however as recovery methods continue to evolve as they have now for 15 years the estimate of recoverable reserves stays about the same. Sure this will end but when?? Today they are one of the longest paying and stable Master limited partnerships. No exploration expenses, Today they are subject only to the commodity risk of global oil prices. No political issues/no subjective overhead just pipeline receipts -taxes/shares. This extraordinary month it equals almost .8762/ next probably back to .35 oh well.
C
CaptainFish
08 Jan. 2022
Please fire whoever writes these titles. This is complete false. And the div of this Trust is variable. So it is expected to rise and fall a bit. Time to compare it to the annual average, esp in light of the fact that this is a monthly payer.
E
Euro-Mario
06 Dec. 2021
Dividend should recover fine next month due to higher prices in October and November revenue has been booked in December.
Qniform
07 Jan. 2022
@Euro-Mario indeed it did, and some excellent new wells came in. @Seeking Alpha is late on the announcement - $0.876810 per unit, payable on January 31, 2022, to unit holders of record on January 18, 2022.
logicalnumbers
03 Dec. 2021
SA screws up another news release. Whoever writes these PR blurbs for SA apparently doesn't read well.