Sandridge Mississippian Trust I (NYSE:SDT) declared a quarterly dividend on Thursday, January 25th, NASDAQ reports. Stockholders of record on Friday, February 9th will be paid a dividend of 0.042 per share by the oil and gas producer on Friday, February 23rd. This represents a $0.17 dividend on an annualized basis and a dividend yield of 18.26%. The ex-dividend date of this dividend is Thursday, February 8th.
Sandridge Mississippian Trust I has decreased its dividend payment by an average of 47.8% per year over the last three years.
Shares of Sandridge Mississippian Trust I (SDT) traded down $0.01 during mid-day trading on Friday, hitting $0.92. 160,247 shares of the stock traded hands, compared to its average volume of 137,654. The firm has a market cap of $26.05, a price-to-earnings ratio of 4.18 and a beta of 0.71. Sandridge Mississippian Trust I has a 52-week low of $0.73 and a 52-week high of $1.85.
About Sandridge Mississippian Trust I
SandRidge Mississippian Trust I is a statutory trust formed by and among SandRidge Energy, Inc (SandRidge), The Bank of New York Mellon Trust Company, N.A., and The Corporation Trust Company. Sandridge offers various services to the Company, such as the operation of its development wells; remittance of net proceeds from the sale of associated production to the Company; administrative services, such as accounting, tax preparation, bookkeeping and informational services performed on behalf of the Company, and derivative agreement services related to production.
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