SandRidge Permian Trust (NYSE:PER) announced a quarterly dividend on Thursday, January 24th, NASDAQ reports. Investors of record on Friday, February 8th will be paid a dividend of 0.095 per share by the oil and gas producer on Friday, February 22nd. This represents a $0.38 annualized dividend and a dividend yield of 15.70%. The ex-dividend date is Thursday, February 7th.
SandRidge Permian Trust has decreased its dividend by an average of 37.4% per year over the last three years.
Shares of PER stock opened at $2.42 on Wednesday. The company has a market capitalization of $127.05 million, a P/E ratio of 5.15 and a beta of 1.38. SandRidge Permian Trust has a 1 year low of $1.70 and a 1 year high of $3.00.
SandRidge Permian Trust (NYSE:PER) last issued its quarterly earnings results on Thursday, November 8th. The oil and gas producer reported $0.13 earnings per share (EPS) for the quarter. The business had revenue of $7.98 million during the quarter. SandRidge Permian Trust had a return on equity of 19.81% and a net margin of 83.18%.
Separately, ValuEngine cut SandRidge Permian Trust from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 1st.
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About SandRidge Permian Trust
SandRidge Permian Trust holds royalty interests in specified oil and natural gas properties in the Permian Basin located in Andrews County, Texas. It has proved developed reserves of approximately 0.3 million barrels of oil equivalent. The company was founded in 2011 and is based in Houston, Texas.
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