SandRidge Energy, Inc. (NYSE:SD – Get Free Report) declared a quarterly dividend on Wednesday, November 6th, RTT News reports. Investors of record on Friday, November 15th will be paid a dividend of 0.11 per share by the oil and natural gas company on Friday, November 29th. This represents a $0.44 annualized dividend and a yield of 3.73%.
SandRidge Energy has a payout ratio of 21.3% indicating that its dividend is sufficiently covered by earnings.
SandRidge Energy Stock Performance
NYSE SD opened at $11.79 on Thursday. The firm’s fifty day moving average price is $11.99 and its two-hundred day moving average price is $12.86. The stock has a market cap of $438.38 million, a PE ratio of 10.82 and a beta of 2.10. SandRidge Energy has a fifty-two week low of $10.94 and a fifty-two week high of $15.31.
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.
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