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 paid 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 18.26%. The ex-dividend date of this dividend is Thursday, February 8th.
Sandridge Mississippian Trust I has decreased its dividend by an average of 47.8% per year over the last three years.
Shares of Sandridge Mississippian Trust I (SDT) traded down $0.01 on Friday, reaching $0.92. The company’s stock had a trading volume of 160,247 shares, compared to its average volume of 137,654. Sandridge Mississippian Trust I has a 1-year low of $0.73 and a 1-year high of $1.85. The stock has a market cap of $26.05, a P/E ratio of 4.18 and a beta of 0.71.
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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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