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

by · The Cerbat Gem

SandRidge Energy, Inc. (NYSE:SD – Get Free Report) declared a quarterly dividend on Wednesday, November 6th, RTT News reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.11 per share by the oil and natural gas company on Friday, November 29th. This represents a $0.44 annualized dividend and a yield of 3.73%.

SandRidge Energy has a payout ratio of 21.3% indicating that its dividend is sufficiently covered by earnings.

SandRidge Energy Stock Performance

Shares of SD traded up $0.45 during mid-day trading on Wednesday, reaching $11.79. The company had a trading volume of 475,170 shares, compared to its average volume of 348,925. The company has a market capitalization of $438.35 million, a price-to-earnings ratio of 10.40 and a beta of 2.10. The company’s 50 day simple moving average is $12.03 and its 200 day simple moving average is $12.87. SandRidge Energy has a 1-year low of $10.94 and a 1-year high of $15.31.

SandRidge Energy (NYSE:SD – Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The oil and natural gas company reported $0.17 earnings per share for the quarter. SandRidge Energy had a return on equity of 9.88% and a net margin of 31.47%. The company had revenue of $25.98 million for the quarter.

SandRidge Energy Company Profile

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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.

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