Sabine Royalty Trust
SBREnergy · Stock · monthly payer
Forward Yield
6.04%
Annual Dividend
$4.52
Payout Ratio
100%
5-Yr Growth
16.4%
Ex-Date
Sep 15, 2026
Frequency
Monthly
Summary
As of September 2026, Sabine Royalty Trust (SBR) yields 6.04% ($4.52 per share annually), with a blended fair-value estimate of $194.86 — +160% upside, so it screens as undervalued. Dividend safety grade: C (60/100).
Is SBR a good dividend stock?
Yes, with caveatsSabine Royalty Trust (SBR) pays a monthly dividend yielding 6.04% ($4.52/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Strong 16.4% 5-yr dividend growth
- 75% total price return over 5 years
Risks
- Cut its dividend in 2025
- Elevated payout ratio (100%)
Key Data
- Dividend Yield
- 6.04%
- Payout Ratio
- 100%
- Annual Dividend
- $4.52
- 5-Yr Avg Growth
- 16.4%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.23
- Market Cap
- $1.1B
- P/E Ratio
- 15.1
- 5-Yr Total Return
- 75%
- 52-Week Range
- $65.31 – $84.39
- Dividend Safety
- C · 60/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
SBR Price — Last 12 Months
Daily close
Price Return
1 Year
-6%
3 Years
+14%
5 Years
+75%
52-Week Range
$65.31 – $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 $194.86 per share, versus a market price of $74.85. That implies 160% of upside — a margin of safety of about 62%.
Fair Value
$194.86
Current Price
$74.85
Upside
+160%
Margin of Safety
62%
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, $4.90 EPS, $4.52 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 |
|---|---|---|---|
| Aug 17, 2026 | — | $0.6190 | regular |
| 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 |
Income Calculator
At $4.52 / yr per share
