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

SandRidge Energy, Inc. (NYSE:SD) announced 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 annualized dividend and a dividend yield of 3.81%. The ex-dividend date is Thursday, March 20th.

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

SandRidge Energy Trading Up 1.1 %

Shares of NYSE SD opened at $11.55 on Tuesday. The company has a market cap of $428.84 million, a price-to-earnings ratio of 9.02 and a beta of 2.03. SandRidge Energy has a 12-month low of $10.31 and a 12-month high of $15.31. The stock’s 50 day simple moving average is $11.96 and its 200 day simple moving average is $11.80.

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). The firm had revenue of $38.97 million for the quarter, compared to analyst estimates of $50.27 million. SandRidge Energy had a net margin of 39.25% and a return on equity of 7.92%.

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.