SandRidge Energy, Inc. (SD) to Issue Quarterly Dividend of $0.12 on March 31st

SandRidge Energy, Inc. (NYSE:SD) announced a quarterly dividend on Tuesday, March 3rd. Stockholders of record on Friday, March 20th will be paid a dividend of 0.12 per share by the oil and natural gas company on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, March 20th.

SandRidge Energy has a dividend payout ratio of 27.4% indicating that its dividend is sufficiently covered by earnings.

SandRidge Energy Trading Up 2.2%

Shares of SandRidge Energy stock opened at $16.84 on Wednesday. The company’s 50-day moving average price is $16.20 and its 200-day moving average price is $14.05. SandRidge Energy has a 12-month low of $8.81 and a 12-month high of $18.45. The company has a market cap of $620.24 million, a price-to-earnings ratio of 8.86 and a beta of 0.55.

SandRidge Energy (NYSE:SD) last issued its quarterly earnings data on Wednesday, March 4th. The oil and natural gas company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.03). SandRidge Energy had a net margin of 44.90% and a return on equity of 11.24%. The firm had revenue of $39.40 million for the quarter, compared to analysts’ expectations of $43.70 million.

SandRidge Energy Company Profile

SandRidge Energy, Inc (NYSE: SD) is an independent exploration and production company focused on the development of onshore oil and natural gas resources in the United States. The company concentrates its operations primarily in the Anadarko Basin, applying horizontal drilling and multi-stage hydraulic fracturing techniques to exploit unconventional reservoirs. SandRidge’s asset portfolio includes both crude oil and natural gas liquids, complemented by associated gas production, with infrastructure investments designed to optimize midstream availability and enhance capital efficiency.

Founded in 2006 by industry veteran Tom L.