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

SandRidge Energy, Inc. (NYSE:SD) announced a quarterly dividend on Monday, March 10th, RTT News reports. Stockholders of record on Thursday, March 20th will be given a dividend of 0.11 per share by the oil and natural gas company on Monday, March 31st. This represents a $0.44 annualized dividend and a dividend yield of 3.90%.

SandRidge Energy has a payout ratio of 19.8% indicating that its dividend is sufficiently covered by earnings.

SandRidge Energy Trading Up 1.4 %

Shares of SD stock traded up $0.16 during trading on Monday, hitting $11.27. The company’s stock had a trading volume of 383,929 shares, compared to its average volume of 284,589. SandRidge Energy has a 52 week low of $10.31 and a 52 week high of $15.31. The company has a market cap of $419.40 million, a PE ratio of 8.80 and a beta of 2.03. The business has a fifty day moving average of $12.02 and a 200-day moving average of $11.88.

SandRidge Energy (NYSE:SD) last issued its quarterly earnings results on Monday, March 10th. The oil and natural gas company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.14). SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%.

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.