The trust increases its payout by 1% to $0.503, yielding 7.76% forward, with payment set for June 29.
Sabine Royalty Trust raised its monthly dividend to $0.503 per share, a 1% increase from the prior $0.498. The adjustment reflects a modest boost in distributions to shareholders.
The new dividend yields 7.76% on a forward basis. The payment will be made June 29 to shareholders of record as of June 15, with an ex-dividend date also set for June 15.
The move follows a pattern of incremental dividend growth for the trust, aligning with its historical yield trends.