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

SandRidge Energy, Inc. (NYSE:SD) declared a quarterly dividend on Tuesday, May 7th, RTT News reports. Stockholders of record on Friday, May 17th will be given a dividend of 0.11 per share by the oil and natural gas company on Friday, May 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.18%.

SandRidge Energy has a payout ratio of 32.1% meaning its dividend is sufficiently covered by earnings.

SandRidge Energy Price Performance

SD stock traded down $0.12 during mid-day trading on Tuesday, reaching $13.82. The company had a trading volume of 206,319 shares, compared to its average volume of 428,525. The firm has a 50 day moving average of $14.14 and a 200 day moving average of $14.05. SandRidge Energy has a 12 month low of $11.51 and a 12 month high of $17.80. The company has a market capitalization of $513.00 million, a PE ratio of 8.43 and a beta of 2.16.

SandRidge Energy (NYSE:SD) last issued its earnings results on Wednesday, March 6th. The oil and natural gas company reported $0.35 earnings per share for the quarter. The business had revenue of $33.93 million during the quarter. SandRidge Energy had a return on equity of 14.50% and a net margin of 40.94%.

Analyst Ratings Changes

Separately, TheStreet downgraded shares of SandRidge Energy from a “b” rating to a “c+” rating in a research note on Wednesday, March 6th.

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.