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

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

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

SandRidge Energy Stock Performance

Shares of SD stock opened at $13.23 on Thursday. SandRidge Energy has a 1 year low of $10.10 and a 1 year high of $18.45. The stock has a fifty day moving average of $14.00 and a two-hundred day moving average of $15.28. The firm has a market capitalization of $488.46 million, a PE ratio of 6.45 and a beta of 0.55.

SandRidge Energy (NYSE:SD) last released its quarterly earnings results 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). The business had revenue of $51.12 million during the quarter, compared to the consensus estimate of $59.00 million. SandRidge Energy had a return on equity of 12.31% and a net margin of 46.37%.

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.