SandRidge Energy, Inc. Plans Quarterly Dividend of $0.11 (NYSE:SD)

SandRidge Energy, Inc. (NYSE:SD) declared a quarterly dividend on Tuesday, May 7th, RTT News reports. Investors of record on Friday, May 17th will be given a dividend of 0.11 per share by the oil and natural gas company on Friday, May 31st. This represents a $0.44 annualized dividend and a yield of 3.28%.

SandRidge Energy has a payout ratio of 32.1% meaning its dividend is sufficiently covered by earnings.

SandRidge Energy Trading Down 3.0 %

NYSE:SD traded down $0.41 during mid-day trading on Wednesday, hitting $13.41. The company had a trading volume of 42,765 shares, compared to its average volume of 424,080. The business has a fifty day simple moving average of $14.16 and a 200-day simple moving average of $14.04. The firm has a market capitalization of $497.78 million, a price-to-earnings ratio of 8.43 and a beta of 2.16. SandRidge Energy has a 1 year low of $11.51 and a 1 year high of $17.80.

SandRidge Energy (NYSE:SD) last issued its quarterly earnings results on Wednesday, March 6th. The oil and natural gas company reported $0.35 EPS for the quarter. The firm had revenue of $33.93 million during the quarter. SandRidge Energy had a return on equity of 14.50% and a net margin of 40.94%.

Wall Street Analyst Weigh In

Separately, TheStreet cut SandRidge Energy from a “b” rating to a “c+” rating in a research report on Wednesday, March 6th.

About SandRidge Energy

SandRidge Energy, Inc engages in the acquisition, development, and production of oil, natural gas, and natural gas liquids in the United States Mid-Continent. The company was incorporated in 2006 and is headquartered in Oklahoma City, Oklahoma.