SandRidge Energy, Inc. (SD) to Issue Quarterly Dividend of $0.13 on August 31st

SandRidge Energy, Inc. (NYSE:SD) declared a quarterly dividend on Tuesday, August 4th. Investors of record on Wednesday, August 19th will be given a dividend of 0.13 per share by the oil and natural gas company on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Wednesday, August 19th.

SandRidge Energy has a dividend payout ratio of 29.7% indicating that its dividend is sufficiently covered by earnings.

SandRidge Energy Trading Down 0.2%

Shares of SD stock opened at $14.00 on Monday. The stock has a market cap of $519.12 million, a P/E ratio of 6.25 and a beta of 0.55. The company has a 50 day simple moving average of $13.85 and a two-hundred day simple moving average of $15.22. SandRidge Energy has a 12 month low of $10.61 and a 12 month high of $18.45.

SandRidge Energy (NYSE:SD) last posted its quarterly earnings results on Wednesday, August 5th. The oil and natural gas company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.18). The business had revenue of $51.12 million during the quarter, compared to analysts’ expectations of $59.00 million. SandRidge Energy had a return on equity of 13.62% and a net margin of 46.06%.

About SandRidge Energy

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.