SandRidge Permian Trust (PER) to Issue $0.10 Quarterly Dividend
SandRidge Permian Trust (NYSE:PER) declared a quarterly dividend on Thursday, October 26th, NASDAQ reports. Shareholders of record on Friday, November 10th will be given a dividend of 0.095 per share by the oil and gas producer on Friday, November 24th. This represents a $0.38 annualized dividend and a yield of 13.10%. The ex-dividend date of this dividend is Thursday, November 9th.
SandRidge Permian Trust has decreased its dividend by an average of 38.9% annually over the last three years.
SandRidge Permian Trust (PER) opened at $2.90 on Friday. The firm has a market capitalization of $149.63 million, a price-to-earnings ratio of 5.70 and a beta of 0.71.
SandRidge Permian Trust (NYSE:PER) last announced its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.13 earnings per share (EPS) for the quarter. SandRidge Permian Trust had a return on equity of 19.14% and a net margin of 88.64%. The company had revenue of $7.84 million for the quarter.
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About SandRidge Permian Trust
Sandridge Permian Trust (the Trust) is a statutory trust. The Trust holds Royalty Interests in specified oil and natural gas properties in the Permian Basin located in Andrews County, Texas. The Trust’s business activities are generally limited to owning the Royalty Interests, and entering into hedging arrangements at the inception of the Trust and activities related thereto, including activities required or permitted by the terms of the conveyances related to the Royalty Interests.
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