SandRidge Energy, Inc. Declares Cash Dividend, Payable on March 29, 2024
March 06, 2024 at 04:31 pm EST
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SandRidge Energy, Inc. Board of Directors declared a $0.11 per share cash dividend payable on March 29, 2024 to shareholders of record on March 15, 2024. This declaration represents a 10% increase in SandRidge's previous on-going quarterly dividend and is consistent with plans announced on January 16, 2024 when the Board of Directors declared a one-time dividend of $1.50 per share, which was paid on February 20, 2024 with an aggregate total payout of $55.6 million. SandRidge's on-going $0.11 per share quarterly dividend is subject to quarterly approval by the Board of Directors.
SandRidge Energy, Inc. is an independent oil and gas company engaged in the development, acquisition and production of oil and gas assets. The Companyâs primary area of operations is the Mid-Continent region in Oklahoma and Kansas. Its primary operations are the production, development, and acquisition of hydrocarbon resources. The Company holds interests in about 1,453 gross (849 net) producing wells, approximately 958 of which it operates, and 548,895 gross (364,201 net) total acres under lease. Its productive wells consist of wells that are producing hydrocarbons. The Company sells its oil, natural gas, and natural gas liquids (NGLs) to a variety of customers, including oil and natural gas companies and trading and energy marketing companies. The Companyâs subsidiaries include SandRidge Exploration and Production, LLC, SandRidge Holdings, Inc., SandRidge Midstream, Inc., SandRidge Operating Company, and SandRidge Realty, LLC.
SANDRIDGE ENERGY, INC. 
