Sabine Royalty Trust
SBREnergy · Stock · monthly payer
Forward Yield
6.71%
Annual Dividend
$4.90
Payout Ratio
100%
5-Yr Growth
16.4%
Ex-Date
Jul 15, 2026
Frequency
Monthly
Summary
As of July 2026, Sabine Royalty Trust (SBR) yields 6.71% ($4.90 per share annually), with a blended fair-value estimate of $196.88 — +170% upside, so it screens as undervalued. Dividend safety grade: C (57/100).
Is SBR a good dividend stock?
MixedSabine Royalty Trust (SBR) pays a monthly dividend yielding 6.71% ($4.90/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Strong 16.4% 5-yr dividend growth
- 89% total price return over 5 years
Risks
- Cut its dividend in 2025
- Elevated payout ratio (100%)
Key Data
- Dividend Yield
- 6.71%
- Payout Ratio
- 100%
- Annual Dividend
- $4.90
- 5-Yr Avg Growth
- 16.4%
- Ex-Dividend Date
- Jul 15, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.22
- Market Cap
- $1.1B
- P/E Ratio
- 15.6
- 5-Yr Total Return
- 89%
- 52-Week Range
- $65.15 – $84.39
- Dividend Safety
- C · 57/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
SBR Price — Last 12 Months
Daily close
Price Return
1 Year
-2%
3 Years
+10%
5 Years
+89%
52-Week Range
$65.15 – $84.39
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is SBR worth?
Undervaluedlow confidenceOur blended fair-value estimate for Sabine Royalty Trust is $196.88 per share, versus a market price of $73.01. That implies 170% of upside — a margin of safety of about 63%.
Fair Value
$196.88
Current Price
$73.01
Upside
+170%
Margin of Safety
63%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 18.8% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 18.8% stage-1 growth, 2.5% terminal growth, $4.69 EPS, $4.90 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
SBR Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 15, 2026 | — | $0.4290 | regular |
| Jun 15, 2026 | — | $0.5030 | regular |
| May 15, 2026 | — | $0.4980 | regular |
| Apr 15, 2026 | — | $0.3250 | regular |
| Mar 16, 2026 | — | $0.2860 | regular |
| Feb 17, 2026 | — | $0.2830 | regular |
| Jan 15, 2026 | — | $0.3220 | regular |
| Dec 15, 2025 | — | $0.1970 | regular |
| Nov 17, 2025 | — | $0.3570 | regular |
| Oct 15, 2025 | — | $0.3690 | regular |
| Sep 15, 2025 | — | $0.5840 | regular |
| Aug 15, 2025 | — | $0.7450 | regular |
| Jul 15, 2025 | — | $0.3460 | regular |
| Jun 16, 2025 | — | $0.4260 | regular |
Income Calculator
At $4.90 / yr per share
