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

SandRidge Energy, Inc. (NYSE:SD) declared a quarterly dividend on Wednesday, August 7th, RTT News reports. Stockholders of record on Friday, August 16th will be given a dividend of 0.11 per share by the oil and natural gas company on Friday, August 30th. This represents a $0.44 annualized dividend and a dividend yield of 3.57%.

SandRidge Energy has a payout ratio of 37.9% indicating that its dividend is sufficiently covered by earnings.

SandRidge Energy Stock Performance

NYSE SD traded up $0.19 during trading on Wednesday, hitting $12.31. 248,905 shares of the company’s stock traded hands, compared to its average volume of 374,806. The stock has a market capitalization of $456.95 million, a price-to-earnings ratio of 9.40 and a beta of 2.15. SandRidge Energy has a 12-month low of $11.51 and a 12-month high of $17.16. The business has a 50 day moving average of $13.14 and a 200-day moving average of $13.56.

SandRidge Energy (NYSE:SD) last issued its earnings results on Tuesday, May 7th. The oil and natural gas company reported $0.23 earnings per share (EPS) for the quarter. SandRidge Energy had a net margin of 35.52% and a return on equity of 11.41%. The business had revenue of $30.28 million for the quarter.

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.