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SBR, TK Dividend Stocks Update

Friday, January 4, 2013 10:01 PM

Sabine Royalty Trust UBI nnnnnnn (NYSE:SBR) has declared a new dividend of $0.25 updated from $0.21. The dividend record date is set for Tuesday, January 15, 2013 with a pay date being announced as Tuesday, January 29, 2013 and the ex-date is Friday, January 11, 2013. SBR's current dividend yield is about 8.8% with SBR priced at 43.64 and they have paid 13 dividends in the last year.

Sabine Royalty Trust is an express trust, which receives a distribution of royalty and mineral interests from certain producing and proved undeveloped oil and gas properties located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma and Texas.

Teekay nnnnnnn (NYSE:TK) has declared a new dividend of $0.32 . The dividend record date is set for Wednesday, January 16, 2013 with a pay date being announced as Wednesday, January 30, 2013 and the ex-date is Monday, January 14, 2013. TK's current dividend yield is about 3.7% with TK priced at 33.97 and they have paid 5 dividends in the last year.

Teekay Corporation is a provider of international crude oil and petroleum product transportation services. It operates a fleet of 160 vessels related to the transport and processing of oil and gas.

For more dividend information, visit our dividend stocks section.

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UPDATE: Raymond James Initiates Coverage on Teekay in Transition PhaseUPDATE: Raymond James Initiates Coverage on Teekay in Transition Phase
In a report published Tuesday, Raymond James analyst Darren Horowitz initiated coverage on Teekay (NYSE: TK ) with an Outperform rating and $61.00 price target. In the report, Raymond James noted...

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