SandRidge Mississippian Trust II (NYSE:SDR) announced a quarterly dividend on Friday, October 27th, Wall Street Journal reports. Stockholders of record on Friday, November 10th will be paid 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 dividend yield of 15.52%. The ex-dividend date of this dividend is Thursday, November 9th. This is a boost from SandRidge Mississippian Trust II’s previous quarterly dividend of $0.05.
SandRidge Mississippian Trust II has decreased its dividend by an average of 44.5% per year over the last three years.
Shares of SandRidge Mississippian Trust II (NYSE SDR) opened at 1.34 on Friday. The firm has a market capitalization of $66.63 million, a price-to-earnings ratio of 5.54 and a beta of 1.02. SandRidge Mississippian Trust II has a 52 week low of $1.28 and a 52 week high of $1.79. The stock has a 50 day moving average price of $1.33 and a 200-day moving average price of $1.40.
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About SandRidge Mississippian Trust II
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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