5 Monthly Dividend Stocks to Buy in April

2. Sabine Royalty Trust (NYSE:SBR)

Dividend Yield as of April 6: 7.22%

Number of Hedge Fund Holders: 4

Headquartered in ​​Dallas, Texas, Sabine Royalty Trust (NYSE:SBR) owns royalty and mineral interests in multiple oil and gas producing properties located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas. As of April 6, Sabine Royalty Trust (NYSE:SBR)’s dividend yield stood at 7.22%. 

Sabine Royalty Trust (NYSE:SBR) on April 6 declared a $0.7302 per share monthly dividend, a 56.3% increase from its prior dividend of $0.4672. The dividend is payable on April 29, for shareholders of record on April 18. 

For 2021, Sabine Royalty Trust (NYSE:SBR)’s full-year revenue came in at $60.9 million, up from its prior year revenue of $36.4 million. Net income in 2021 was approximately $58 million, compared to $33.3 million in the previous year. At the end of 2021, Sabine Royalty Trust (NYSE:SBR)’s cash flow amounted to $16.2 million, a significant increase from its 2020 cash flow of $4.8 million. This is indicative of the company’s ability to sustainably continue dividend payments in the near term. 

According to Insider Monkey’s Q4 data, 4 hedge funds were bullish on Sabine Royalty Trust (NYSE:SBR), with combined stakes amounting to roughly $5 million. Chuck Royce’s Royce & Associates is the leading shareholder of the company, with 82,648 shares worth $3.4 million.