dividend
confidence high
sentiment neutral
materiality 0.45
Sabine Royalty Trust declares October cash distribution of $0.435840 per unit, up on higher oil and gas prices
SABINE ROYALTY TRUST
- Cash distribution of $0.435840 per unit, payable Oct 29 to holders of record Oct 15.
- Preliminary oil production 64,075 bbls at $79/bbl; gas 1,182,039 Mcf at $1.81/Mcf.
- Distribution higher than prior month due to higher oil/gas prices, partially offset by lower production.
- Approximately $169,000 in revenue received since close of September to be posted in October.