Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Sabine Royalty Trust Sets October Payout

Sabine Royalty Trust (NYSE: SBR  ) announced today its October monthly distribution of $0.39401 per unit, based principally on production during July 2013 for oil and June 2013 for gas. Preliminary production volumes are approximately 41,164 barrels of oil and 517,682 Mcf of gas. Preliminary prices are approximately $99.19 per barrel of oil and $0.96 per Mcf of gas.

Due to the timing of the end of September, approximately $1.4 million of revenue received will be posted in October in addition to normal receipts during September.  Since the close of business in September, and prior to this press release, approximately $277,000 in revenue has been received.

The latest payment would equate to a $4.73 per-unit annual dividend, yielding 9.2% based on the closing price today of Sabine Basin Royalty Trust's stock.

SBR Dividend Chart

SBR Dividend data by YCharts.

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2666384, ~/Articles/ArticleHandler.aspx, 4/30/2016 1:25:53 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Rich Duprey

Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time.

Having made the streets safe for Truth, Justice and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. So follow me on Facebook and Twitter for the most important industry news in retail and consumer products and other great stories.


Today's Market

updated 16 hours ago Sponsored by:
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASD 4,775.36 -29.93 -0.62%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

4/29/2016 4:02 PM
SBR $32.55 Down -0.09 -0.28%
Sabine Royalty Tru… CAPS Rating: ***