5 Monthly Dividend Stocks to Buy in September

3. Sabine Royalty Trust (NYSE:SBR)

Dividend Yield as of September 5: 8.57%

Sabine Royalty Trust (NYSE:SBR) is a Texas-based firm that holds royalty and mineral interests in various oil and gas properties across the country. At the end of Q2 2022, the company reported cash and short-term investments of over $11.2 million and its total assets amounted to over $11.3 million. The company’s distributable income for the quarter came in at $27.3 million. Its royalty income grew by 116% from the prior-year quarter to $15.07 million.

On August 5, Sabine Royalty Trust (NYSE:SBR) declared a monthly dividend of $0.8294 per share, up 50.8% from the same period last year. As of September 5, the stock’s dividend yield stood at 8.57%.

As of the close of Q2 2022, 4 hedge funds tracked by Insider Monkey owned stakes in Sabine Royalty Trust (NYSE:SBR), the same as in the previous quarter. These stakes hold a consolidated value of over $6.8 million. With stakes worth $3.2 million, Royce & Associates was the company’s leading stakeholder in Q2.