SandRidge Mississippian (NYSE:SDT) announced a quarterly dividend on Thursday, April 26th, Zacks reports. Investors of record on Friday, May 11th will be given a dividend of 0.049 per share by the oil and gas producer on Friday, May 25th. This represents a $0.20 annualized dividend and a yield of 19.03%. The ex-dividend date is Thursday, May 10th. This is an increase from SandRidge Mississippian’s previous quarterly dividend of $0.04.
SandRidge Mississippian has decreased its dividend payment by an average of 47.8% per year over the last three years.
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SDT stock remained flat at $$1.03 during trading on Friday. 203,966 shares of the company traded hands, compared to its average volume of 138,490. The firm has a market capitalization of $28.84, a P/E ratio of 4.68 and a beta of 0.76. SandRidge Mississippian has a 1-year low of $0.73 and a 1-year high of $1.69.
About SandRidge Mississippian
SandRidge Mississippian Trust I, a statutory trust, holds royalty interests in specified oil and natural gas properties located in the Mississippian formation in Alfalfa, Garfield, Grant, and Woods counties in Oklahoma. As of December 31, 2017, the company's properties comprised royalty interests in the initial wells; and 121 additional wells that were drilled and perforated by the company.