Tuesday Is Your Last Chance To Buy Sabine Royalty Before The Dividend Payout

Tuesday marks the last chance for investors to receive the next dividend payout from Sabine Royalty (NYSE:SBR).

What's Happening

The company announced on Monday that it would pay shareholders a monthly dividend of 41.95 cents per share. On Wednesday, Sabine Royalty will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 41.95 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, Wednesday. Shareholders who own SBR as of the end of Tuesday's session are eligible to receive the 41.95 cents dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on February 29, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

Monitor live stock price updates for Sabine Royalty on Benzinga.