Oil and gas company increases dividend and offers special payout
- SandRidge Energy raises quarterly dividend by 10%
- Declares one-time payout of $1.50 per share
- Total payout of about $55 million
- New quarterly dividend increased to 11 cents per share
- Annual yield of 3.2% based on Jan. 12 closing price
- Company maintains resources for mergers and acquisitions
- One-time dividend payable on Feb. 20 to shareholders of record on Feb. 5
- First higher quarterly dividend expected to be paid in March
SandRidge Energy has announced that it is raising its quarterly dividend by 10% and declaring a one-time payout of $1.50 per share. The one-time dividend represents a total payout of about $55 million. The company has increased its quarterly dividend to 11 cents per share, resulting in an annual yield of 3.2% based on the Jan. 12 closing price. SandRidge Energy also stated that it will maintain sufficient resources for mergers and acquisitions that will complement its portfolio or bring attractive returns. The new one-time dividend will be payable on Feb. 20 to shareholders of record on Feb. 5. The company expects its first higher quarterly dividend to be paid in March.
Public Companies: SandRidge Energy (Unknown)
Private Companies:
Key People:
Factuality Level: 8
Justification: The article provides specific information about SandRidge Energy raising its quarterly dividend and declaring a one-time payout. It includes details about the amount of the dividend, the total payout, and the increase in the quarterly dividend. The article also mentions the company’s intention to maintain resources for mergers and acquisitions. The information provided is specific and factual, without any obvious bias or misleading information.
Noise Level: 7
Justification: The article provides information about SandRidge Energy raising its quarterly dividend and declaring a one-time payout. However, it lacks analysis or insights into the long-term trends or consequences of these actions. It also does not provide evidence or data to support its claims. Overall, the article contains mostly factual information without much depth or actionable insights.
Financial Relevance: Yes
Financial Markets Impacted: Oil and gas industry
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to a financial topic as it discusses SandRidge Energy raising its quarterly dividend and declaring a one-time payout. However, there is no mention of any extreme event or its impact.
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