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

SandRidge Energy, Inc. (NYSE:SDGet Free Report) announced a quarterly dividend on Thursday, May 2nd, RTT News reports. Investors of record on Friday, May 17th will be paid a dividend of 0.11 per share by the oil and natural gas company on Friday, May 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Thursday, May 16th.

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

SandRidge Energy Price Performance

NYSE:SD traded down $0.16 during trading hours on Wednesday, reaching $13.83. 31,128 shares of the stock were exchanged, compared to its average volume of 424,771. The firm has a 50 day moving average of $14.22 and a 200 day moving average of $13.96. The stock has a market cap of $513.37 million, a PE ratio of 10.76 and a beta of 2.16. SandRidge Energy has a twelve month low of $11.51 and a twelve month high of $17.80.

SandRidge Energy (NYSE:SDGet Free Report) 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 for the quarter. SandRidge Energy had a net margin of 35.52% and a return on equity of 11.41%.

Wall Street Analyst Weigh In

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

Check Out Our Latest Research Report on SandRidge Energy

About SandRidge Energy

(Get Free Report)

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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Dividend History for SandRidge Energy (NYSE:SD)

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