SandRidge Mississippian Trust II (SDR) Declares Quarterly Dividend of $0.05
SandRidge Mississippian Trust II (NYSE:SDR) announced a quarterly dividend on Friday, October 27th, Wall Street Journal reports. Investors of record on Friday, November 10th will be given a dividend of 0.052 per share by the oil and gas producer on Friday, November 24th. This represents a $0.21 dividend on an annualized basis and a yield of 15.52%. The ex-dividend date of this dividend is Thursday, November 9th. This is an increase from SandRidge Mississippian Trust II’s previous quarterly dividend of $0.05.
SandRidge Mississippian Trust II has decreased its dividend payment by an average of 44.5% per year over the last three years.
SandRidge Mississippian Trust II (NYSE:SDR) traded up 3.08% during midday trading on Friday, reaching $1.34. The company had a trading volume of 110,926 shares. The firm has a market capitalization of $66.63 million, a P/E ratio of 5.54 and a beta of 1.02. The stock’s 50 day moving average price is $1.33 and its 200-day moving average price is $1.40. SandRidge Mississippian Trust II has a one year low of $1.28 and a one year high of $1.79.
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SandRidge Mississippian Trust II Company Profile
SandRidge Mississippian Trust II is a statutory trust. The royalty interests conveyed by SandRidge Energy, Inc (SandRidge) from its interests in certain properties in the Mississippian formation in northern Oklahoma and southern Kansas and held by the Trust are referred to as the Royalty Interests. The Trust holds Royalty Interests in specified oil and natural gas properties.
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