(Source: Shutterstock.com)
SandRidge Energy announced Jan. 16 that it will pay a one-time dividend of $1.50 per share from its board of directors and bump up its quarterly dividend.
The one-time dividend —a total payout of approximately $55 million — will be payable on Feb. 20 to shareholders of record on Feb. 5.
The board also announced plans to increase its ongoing quarterly dividend to $0.11 per share, representing a 10% increase. This increase will start with the company’s next quarterly payout in March 2024 and will continue until otherwise noticed.
Recommended Reading
For Sale, Again: Oily Northern Midland’s HighPeak Energy
2024-03-08 - The E&P is looking to hitch a ride on heated, renewed Permian Basin M&A.
E&P Highlights: Feb. 26, 2024
2024-02-26 - Here’s a roundup of the latest E&P headlines, including interest in some projects changing hands and new contract awards.
Gibson, SOGDC to Develop Oil, Gas Facilities at Industrial Park in Malaysia
2024-02-14 - Sabah Oil & Gas Development Corp. says its collaboration with Gibson Shipbrokers will unlock energy availability for domestic and international markets.
E&P Highlights: Feb. 16, 2024
2024-02-19 - From the mobile offshore production unit arriving at the Nong Yao Field offshore Thailand to approval for the Castorone vessel to resume operations, below is a compilation of the latest headlines in the E&P space.
TotalEnergies Acquires Eagle Ford Interest, Ups Texas NatGas Production
2024-04-08 - TotalEnergies’ 20% interest in the Eagle Ford’s Dorado Field will increase its natural gas production in Texas by 50 MMcf/d in 2024.