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

SandRidge Energy, Inc. (NYSE:SD) declared 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 3.73%.

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

SandRidge Energy Stock Performance

Shares of SD traded up $0.45 during mid-day trading on Wednesday, reaching $11.79. The company had a trading volume of 475,170 shares, compared to its average volume of 348,925. The company has a market capitalization of $438.35 million, a price-to-earnings ratio of 10.40 and a beta of 2.10. The company’s 50 day simple moving average is $12.03 and its 200 day simple moving average is $12.87. SandRidge Energy has a 1-year low of $10.94 and a 1-year high of $15.31.

SandRidge Energy (NYSE:SD) last released its quarterly earnings data on Wednesday, August 7th. The oil and natural gas company reported $0.17 earnings per share for the quarter. SandRidge Energy had a return on equity of 9.88% and a net margin of 31.47%. The company had revenue of $25.98 million for the quarter.

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.