SandRidge Permian Trust (NYSE:PER) to Issue $0.07 Quarterly Dividend

SandRidge Permian Trust (NYSE:PER) declared a quarterly dividend on Thursday, October 24th, Zacks reports. Shareholders of record on Friday, November 8th will be given a dividend of 0.073 per share by the oil and gas producer on Monday, November 25th. This represents a $0.29 annualized dividend and a yield of 17.49%. The ex-dividend date is Thursday, November 7th.

PER stock opened at $1.67 on Tuesday. The business’s 50-day moving average price is $1.66 and its two-hundred day moving average price is $1.82. The firm has a market cap of $87.68 million, a PE ratio of 3.98 and a beta of 1.25. SandRidge Permian Trust has a 1-year low of $1.45 and a 1-year high of $2.60.

SandRidge Permian Trust (NYSE:PER) last posted its earnings results on Thursday, August 8th. The oil and gas producer reported $0.07 earnings per share for the quarter. The firm had revenue of $4.90 million for the quarter. SandRidge Permian Trust had a return on equity of 18.84% and a net margin of 81.90%.

Separately, ValuEngine upgraded SandRidge Permian Trust from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd.

About SandRidge Permian Trust

SandRidge Permian Trust holds royalty interests in specified oil and natural gas properties in the Permian Basin located in Andrews County, Texas. It has proved developed reserves of approximately 0.3 million barrels of oil equivalent. The company was founded in 2011 and is based in Houston, Texas.

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Dividend History for SandRidge Permian Trust (NYSE:PER)

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