Sandridge Mississippian Trust I (NYSE:SDT) announced a quarterly dividend on Thursday, January 25th, NASDAQ reports. Shareholders of record on Friday, February 9th will be given a dividend of 0.042 per share by the oil and gas producer on Friday, February 23rd. This represents a $0.17 annualized dividend and a yield of 21.00%. 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% annually over the last three years.
Shares of Sandridge Mississippian Trust I (SDT) opened at $0.80 on Wednesday. The company has a market capitalization of $23.09, a price-to-earnings ratio of 3.75 and a beta of 0.71. Sandridge Mississippian Trust I has a 52 week low of $0.73 and a 52 week high of $1.69.
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Sandridge Mississippian Trust I Company Profile
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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