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

SandRidge Energy, Inc. (NYSE:SD - Get Free Report) declared a quarterly dividend on Monday, March 10th, RTT News reports. Shareholders of record on Thursday, March 20th will be paid a dividend of 0.11 per share by the oil and natural gas company on Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Thursday, March 20th.

SandRidge Energy has a payout ratio of 19.8% indicating that its dividend is sufficiently covered by earnings.

SandRidge Energy Price Performance

Shares of SandRidge Energy stock traded up $0.49 during trading hours on Wednesday, reaching $11.43. The company had a trading volume of 177,650 shares, compared to its average volume of 284,055. The business has a fifty day simple moving average of $12.00 and a 200 day simple moving average of $11.85. SandRidge Energy has a one year low of $10.31 and a one year high of $15.31. The firm has a market cap of $425.17 million, a PE ratio of 8.93 and a beta of 2.03.

SandRidge Energy (NYSE:SD - Get Free Report) last released its quarterly earnings results on Monday, March 10th. The oil and natural gas company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.14). The company had revenue of $38.97 million during the quarter, compared to analysts' expectations of $50.27 million. SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%.

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.