SandRidge Permian Trust (PER) Declares Quarterly Dividend of $0.64
SandRidge Permian Trust (NYSE:PER) declared a quarterly dividend on Tuesday, February 4th, AnalystRatingsNetwork reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.641 per share on Friday, February 28th. This represents a $2.56 dividend on an annualized basis and a yield of 19.41%. The ex-dividend date of this dividend is Wednesday, February 12th.
On a related note, analysts at Raymond James upgraded shares of SandRidge Permian Trust from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, January 9th.
SandRidge Permian Trust (NYSE:PER) last released its earnings data on Thursday, January 30th. The company reported $0.64 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.64.
SandRidge Permian Trust (NYSE:PER) is a trust formed by SandRidge Energy, Inc (SandRidge) to own royalty interests in 509 developed oil and natural gas wells located in Andrews County, Texas (the Producing Wells), and 888 oil and natural gas development wells to be drilled (the Development Wells) within an Area of Mutual Interest (AMI).
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