SandRidge Mississippian Trust I Plans Quarterly Dividend of $0.50 (SDT)
SandRidge Mississippian Trust I (NYSE:SDT) announced a quarterly dividend on Thursday, January 30th, Analyst RN reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.5003 per share on Friday, February 28th. This represents a $2.00 annualized dividend and a dividend yield of 19.68%.
On the ratings front, analysts at Raymond James upgraded shares of SandRidge Mississippian Trust I from an “underperform” rating to a “market perform” rating in a research note to investors on Thursday, January 9th. Four equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. SandRidge Mississippian Trust I has a consensus rating of “Sell” and a consensus price target of $11.77.
Shares of SandRidge Mississippian Trust I (NYSE:SDT) remained flat at $10.17 during trading on Thursday. The stock had a trading volume of 128,443 shares. SandRidge Mississippian Trust I has a one year low of $8.65 and a one year high of $19.65. The stock’s 50-day moving average is $9.56 and its 200-day moving average is $11.92. The company has a market cap of $284.8 million and a price-to-earnings ratio of 4.06.
SandRidge Mississippian Trust I (NYSE:SDT) is a statutory trust.
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