dividend
confidence high
sentiment neutral
materiality 0.15
Sabine Royalty Trust declares monthly distribution of $0.51435/unit for November
SABINE ROYALTY TRUST
- Distribution of $0.51435 per unit payable Nov 29 to holders of record Nov 15.
- Preliminary volumes: 70,299 bbl oil (1,898,789 Mcf gas); avg price $76.90/bbl, $1.78/Mcf.
- Distribution higher than prior month due to increased oil and gas production.
- Approximately $167,000 in 2024 Ad Valorem taxes deducted vs $851,000 last year.
- Timing of tax renditions may cause varying deductions in Dec 2024-Feb 2025.