SandRidge Energy, Inc. (SD) to Issue Quarterly Dividend of $0.11 on May 31st

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 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend is Thursday, May 16th.

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

SandRidge Energy Stock Performance

SD opened at $13.38 on Thursday. The firm has a market cap of $496.67 million, a P/E ratio of 8.16 and a beta of 2.16. The business’s fifty day moving average is $14.16 and its 200-day moving average is $14.03. SandRidge Energy has a 52-week low of $11.51 and a 52-week high of $17.80.

SandRidge Energy (NYSE:SD) last posted its quarterly earnings results on Wednesday, March 6th. The oil and natural gas company reported $0.35 EPS for the quarter. The company 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%.

Analyst Ratings Changes

Separately, TheStreet cut SandRidge Energy from a “b” rating to a “c+” rating in a research note 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.