SandRidge Mississippian Trust I (SDT) To Go Ex-Dividend on November 9th
SandRidge Mississippian Trust I (NYSE:SDT) announced a quarterly dividend on Thursday, October 26th, NASDAQ reports. Shareholders of record on Friday, November 10th will be paid a dividend of 0.045 per share by the oil and gas producer on Friday, November 24th. This represents a $0.18 dividend on an annualized basis and a yield of 13.64%. The ex-dividend date of this dividend is Thursday, November 9th.
SandRidge Mississippian Trust I has decreased its dividend by an average of 39.5% per year over the last three years.
Shares of SandRidge Mississippian Trust I (NYSE SDT) opened at $1.32 on Wednesday. SandRidge Mississippian Trust I has a fifty-two week low of $1.20 and a fifty-two week high of $1.85. The stock has a market cap of $36.96, a P/E ratio of 6.38 and a beta of 0.79.
SandRidge Mississippian Trust I (NYSE:SDT) last announced its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter. SandRidge Mississippian Trust I had a net margin of 67.62% and a return on equity of 19.15%. The business had revenue of $2.72 million during the quarter.
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SandRidge Mississippian Trust I Company Profile
SandRidge Mississippian Trust I is a statutory trust formed by and among SandRidge Energy, Inc (SandRidge), The Bank of New York Mellon Trust Company, N.A., and The Corporation Trust Company. Sandridge offers various services to the Company, such as the operation of its development wells; remittance of net proceeds from the sale of associated production to the Company; administrative services, such as accounting, tax preparation, bookkeeping and informational services performed on behalf of the Company, and derivative agreement services related to production.
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