SandRidge Energy, Inc. (SD) to Distribute Quarterly Dividend of $0.13 on August 31st

SandRidge Energy, Inc. (NYSE:SDGet Free Report) declared a quarterly dividend on Tuesday, August 4th. Stockholders of record on Wednesday, August 19th will be given a dividend of 0.13 per share by the oil and natural gas company on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, August 19th.

SandRidge Energy has a payout ratio of 29.7% indicating that its dividend is sufficiently covered by earnings.

SandRidge Energy Trading Up 1.6%

NYSE SD traded up $0.21 during trading on Thursday, reaching $13.41. The company’s stock had a trading volume of 202,233 shares, compared to its average volume of 358,504. The firm has a market capitalization of $495.07 million, a price-to-earnings ratio of 6.56 and a beta of 0.55. SandRidge Energy has a 12 month low of $10.42 and a 12 month high of $18.45. The firm has a 50 day moving average price of $14.00 and a 200 day moving average price of $15.28.

SandRidge Energy (NYSE:SDGet Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The oil and natural gas company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.18). The firm had revenue of $51.12 million for the quarter, compared to analyst estimates of $59.00 million. SandRidge Energy had a return on equity of 12.31% and a net margin of 46.37%.

About SandRidge Energy

(Get Free Report)

SandRidge Energy, Inc (NYSE: SD) is an independent exploration and production company focused on the development of onshore oil and natural gas resources in the United States. The company concentrates its operations primarily in the Anadarko Basin, applying horizontal drilling and multi-stage hydraulic fracturing techniques to exploit unconventional reservoirs. SandRidge’s asset portfolio includes both crude oil and natural gas liquids, complemented by associated gas production, with infrastructure investments designed to optimize midstream availability and enhance capital efficiency.

Founded in 2006 by industry veteran Tom L.

See Also

Dividend History for SandRidge Energy (NYSE:SD)

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