SandRidge Permian Trust (NYSE:PER) declared a quarterly dividend on Thursday, January 25th, NASDAQ reports. Shareholders of record on Friday, February 9th will be paid a dividend of 0.113 per share by the oil and gas producer on Friday, February 23rd. This represents a $0.45 dividend on an annualized basis and a yield of 18.83%. The ex-dividend date of this dividend is Thursday, February 8th. This is a boost from SandRidge Permian Trust’s previous quarterly dividend of $0.10.
SandRidge Permian Trust has decreased its dividend payment by an average of 43.2% annually over the last three years.
SandRidge Permian Trust (NYSE PER) remained flat at $$2.40 during trading hours on Friday. The company had a trading volume of 169,216 shares, compared to its average volume of 196,332. The stock has a market cap of $126.00, a price-to-earnings ratio of 4.80 and a beta of 0.75. SandRidge Permian Trust has a 52 week low of $1.95 and a 52 week high of $3.60.
Separately, ValuEngine raised SandRidge Permian Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 1st.
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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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