SandRidge Mississippian Trust I (NYSE:SDT) announced a quarterly dividend on Friday, July 28th, Wall Street Journal reports. Investors of record on Friday, August 11th will be given a dividend of 0.0482 per share by the oil and gas producer on Friday, August 25th. This represents a $0.19 dividend on an annualized basis and a yield of 13.39%. The ex-dividend date of this dividend is Wednesday, August 9th.
SandRidge Mississippian Trust I has decreased its dividend by an average of 39.5% annually over the last three years.
SandRidge Mississippian Trust I (SDT) traded up 0.70% during mid-day trading on Tuesday, reaching $1.44. The company had a trading volume of 89,506 shares. The stock’s 50-day moving average price is $1.43 and its 200 day moving average price is $1.50. SandRidge Mississippian Trust I has a 52 week low of $1.20 and a 52 week high of $1.93. The firm has a market capitalization of $40.32 million, a PE ratio of 5.00 and a beta of 0.86.
About SandRidge Mississippian Trust I
SandRidge Mississippian Trust I is a statutory trust formed by and among SandRidge Energy, Inc (SandRidge), The Bank of New York Mellon Trust Company, N.A., and The Corporation Trust Company. Sandridge offers various services to the Company, such as the operation of its development wells; remittance of net proceeds from the sale of associated production to the Company; administrative services, such as accounting, tax preparation, bookkeeping and informational services performed on behalf of the Company, and derivative agreement services related to production.
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