SandRidge Energy, Inc. (NYSE:SD) Declares Quarterly Dividend of $0.13

SandRidge Energy, Inc. (NYSE:SD) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Wednesday, August 19th will be given a dividend of 0.13 per share by the oil and natural gas company on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Wednesday, August 19th.

SandRidge Energy has a payout ratio of 29.7% indicating that its dividend is sufficiently covered by earnings.

SandRidge Energy Trading Down 2.4%

Shares of SD opened at $13.23 on Thursday. The business’s 50-day moving average price is $14.00 and its 200 day moving average price is $15.28. The stock has a market capitalization of $488.46 million, a P/E ratio of 6.45 and a beta of 0.55. SandRidge Energy has a 1-year low of $10.10 and a 1-year high of $18.45.

SandRidge Energy (NYSE:SD) last posted its quarterly earnings data on Wednesday, August 5th. The oil and natural gas company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.18). SandRidge Energy had a return on equity of 12.31% and a net margin of 46.37%.The company had revenue of $51.12 million for the quarter, compared to analyst estimates of $59.00 million.

About SandRidge Energy

SandRidge Energy, Inc (NYSE: SD) is an independent exploration and production company focused on the development of onshore oil and natural gas resources in the United States. The company concentrates its operations primarily in the Anadarko Basin, applying horizontal drilling and multi-stage hydraulic fracturing techniques to exploit unconventional reservoirs. SandRidge’s asset portfolio includes both crude oil and natural gas liquids, complemented by associated gas production, with infrastructure investments designed to optimize midstream availability and enhance capital efficiency.

Founded in 2006 by industry veteran Tom L.