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

SandRidge Energy, Inc. (NYSE:SD) announced a quarterly dividend on Monday, March 10th, RTT News reports. Shareholders of record on Thursday, March 20th will be given a dividend of 0.11 per share by the oil and natural gas company on Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date is Thursday, March 20th.

SandRidge Energy has a payout ratio of 19.8% indicating that its dividend is sufficiently covered by earnings.

SandRidge Energy Trading Down 2.5 %

Shares of SandRidge Energy stock opened at $10.97 on Wednesday. The firm has a fifty day simple moving average of $12.00 and a 200-day simple moving average of $11.85. SandRidge Energy has a 1-year low of $10.31 and a 1-year high of $15.31. The stock has a market capitalization of $408.24 million, a price-to-earnings ratio of 8.57 and a beta of 2.03.

SandRidge Energy (NYSE:SD) last announced its earnings results on Monday, March 10th. The oil and natural gas company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.14). The company had revenue of $38.97 million for the quarter, compared to the consensus estimate of $50.27 million. SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%.

SandRidge Energy Company Profile

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.