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

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

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

SandRidge Energy Price Performance

SandRidge Energy stock opened at $11.27 on Tuesday. The stock’s fifty day moving average is $12.01 and its two-hundred day moving average is $11.87. The stock has a market cap of $419.40 million, a PE ratio of 8.80 and a beta of 2.03. SandRidge Energy has a 1-year low of $10.31 and a 1-year high of $15.31.

SandRidge Energy (NYSE:SD) last issued its earnings results on Monday, March 10th. The oil and natural gas company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.14). The business had revenue of $38.97 million for the quarter, compared to analyst estimates of $50.27 million. SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%.

SandRidge Energy Company Profile

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.