Sabine Royalty Trust Declares $0.35/Unit Cash Distribution
Ticker: SBR · Form: 8-K · Filed: Feb 5, 2024 · CIK: 710752
| Field | Detail |
|---|---|
| Company | Sabine Royalty Trust (SBR) |
| Form Type | 8-K |
| Filed Date | Feb 5, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: cash-distribution, dividend, royalty-trust, income
TL;DR
**SBR declared a $0.35/unit cash distribution, payable Feb 29.**
AI Summary
Sabine Royalty Trust (SBR) filed an 8-K on February 5, 2024, to report its monthly cash distribution to unit holders. The trust announced a cash distribution of $0.350000 per unit, payable on February 29, 2024, to unit holders of record as of February 15, 2024. This distribution reflects the trust's ongoing operations and its commitment to returning value to investors, which is crucial for shareholders who rely on these regular payouts for income.
Why It Matters
This filing directly impacts investors' income, as it details the latest cash distribution per unit, a key component of the trust's value proposition.
Risk Assessment
Risk Level: low — This 8-K reports a routine cash distribution, which is a positive event for investors and does not introduce new risks.
Analyst Insight
Investors holding SBR units should note the record and payment dates to anticipate their income, while potential investors might view this consistent distribution as an attractive income-generating opportunity.
Key Numbers
- $0.350000 — Cash Distribution Per Unit (This is the amount of cash each unit holder will receive for the current distribution.)
Key Players & Entities
- SABINE ROYALTY TRUST (company) — the registrant filing the 8-K
- Argent Trust Company (company) — address of principal executive offices
- $0.350000 (dollar_amount) — cash distribution per unit
- February 29, 2024 (date) — payment date for the distribution
- February 15, 2024 (date) — record date for unit holders
Forward-Looking Statements
- Sabine Royalty Trust will continue to issue regular monthly or quarterly cash distributions. (SABINE ROYALTY TRUST) — high confidence, target: Ongoing
FAQ
What is the purpose of this 8-K filing by Sabine Royalty Trust?
The purpose of this 8-K filing by Sabine Royalty Trust is to report the declaration of a cash distribution to its unit holders, as per Item 2.02, Results of Operations and Financial Condition, and Item 9.01, Financial Statements and Exhibits.
What is the specific amount of the cash distribution declared by Sabine Royalty Trust?
Sabine Royalty Trust declared a cash distribution of $0.350000 per unit.
When is the payment date for this cash distribution?
The payment date for this cash distribution is February 29, 2024.
What is the record date for unit holders to be eligible for this distribution?
Unit holders of record as of February 15, 2024, will be eligible for this distribution.
What is the trading symbol and exchange for Sabine Royalty Trust's Units of Beneficial Interest?
The trading symbol for Sabine Royalty Trust's Units of Beneficial Interest is SBR, and they are registered on the New York Stock Exchange.
Filing Stats: 481 words · 2 min read · ~2 pages · Grade level 10.4 · Accepted 2024-02-05 12:27:55
Filing Documents
- d755373d8k.htm (8-K) — 17KB
- d755373dex991.htm (EX-99.1) — 11KB
- g755373g0205215531377.jpg (GRAPHIC) — 1KB
- g755373g0205215531592.jpg (GRAPHIC) — 1KB
- 0001193125-24-023788.txt ( ) — 31KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. S ABINE R OYALTY T RUST By: ARGENT TRUST COMPANY, T RUSTEE By: /s/ NANCY WILLIS Nancy Willis Vice President Date: February 5, 2024