Thursday marks the last chance for investors to receive the next dividend payout from Sabine Royalty (NYSE:SBR).
What's Happening
The company announced on Friday that it would pay shareholders a monthly dividend of 27.87 cents per share. On Friday, Sabine Royalty will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 27.87 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own SBR as of the end of Thursday's session are eligible to receive the 27.87 cents dividend payout for every share that they own.
According to the company, this dividend will be paid out to shareholders on October 30, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.
Track real-time stock fluctuations for Sabine Royalty on Benzinga.