SandRidge Energy, Inc. (NYSE:SD) Plans $0.11 Quarterly Dividend

SandRidge Energy, Inc. (NYSE:SD) announced a quarterly dividend on Wednesday, November 6th,RTT News reports. Shareholders 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 3.75%. The ex-dividend date of this dividend is Friday, November 15th.

SandRidge Energy has a dividend payout ratio of 21.3% meaning its dividend is sufficiently covered by earnings.

SandRidge Energy Stock Performance

SD stock opened at $11.73 on Wednesday. The company has a market capitalization of $436.47 million, a PE ratio of 9.16 and a beta of 2.10. SandRidge Energy has a one year low of $10.94 and a one year high of $15.31. The company’s 50 day moving average price is $11.89 and its two-hundred day moving average price is $12.77.

SandRidge Energy (NYSE:SD) last issued its earnings results on Wednesday, November 6th. The oil and natural gas company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.08). SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%. The business had revenue of $30.06 million during 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.