SandRidge Energy Board Declares One-Time Dividend Of $1.50/Share; Board Also Planned Ongoing Quarterly Dividend Increase From $0.10 To $0.11/share
Portfolio Pulse from Benzinga Newsdesk
SandRidge Energy's Board has announced a one-time dividend of $1.50 per share. Additionally, the Board plans to increase the ongoing quarterly dividend from $0.10 to $0.11 per share.
January 16, 2024 | 1:35 pm
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SandRidge Energy has declared a one-time dividend of $1.50/share and intends to raise its quarterly dividend from $0.10 to $0.11/share.
The declaration of a one-time dividend and the increase in ongoing quarterly dividends are positive signals to investors, often leading to a short-term increase in stock price due to perceived financial strength and shareholder-friendly policies.
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IMPORTANCE 85
RELEVANCE 100