Sabine Royalty Trust Declares August Payout

Unit owners of the oil and gas production trust will receive the largest distribution of the year in August.

By Tim Brugger – Aug 5, 2013 at 3:31PM EST

Sabine Royalty Trust (SBR 1.63%) has declared a cash distribution of $0.44969 per unit for August, the highest per-unit payout since April 2010's $0.47982 distribution, Sabine announced today.

The cash distribution will be paid on Aug. 29 to unit holders of record Aug. 15. The payout reflects oil production levels for May and gas production for April, which both rose by approximately 50% compared to the prior months' results. Higher average prices for both oil and gas also contributed to August's distribution.

According to Sabine, due to the timing of July's month-end, approximately $593,000 of revenue will be posted in August "in addition to normal receipts during August."

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Tim spends much of his day writing articles and content for The Fool and, not surprisingly, loves it! However, Tim still fancies himself a storyteller as well and will continue to pursue his passion for writing fiction. His first book, The Lives of Stupid People Volume 1 (The next, great American novel as you can tell from the title), was published in 2011, along with a couple award-winning short stories. Tim majored in business studies and marketing at the University of Oregon, remains an avid soccer player and crossword fanatic, and currently lives with his 3 children in Portland, OR.

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Sabine Royalty Trust Declares August Payout

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