![SandRidge Declares One-time, Quarterly Dividends, Announces Buyback Program](/sites/default/files/styles/hart_news_article_image_640/public/image/2023/05/sandridge-declares-one-time-quarterly-dividends-announces-buyback-program.jpg?itok=pY30HQ6O)
SandRidge Energy Inc.’s board of directors has declared a one-time dividend amounting to $2.00 per share and an on-going quarterly dividend of $0.10 per share, as well as authorized $75 million in stock buybacks, according to a May 12 press release .(Source: Shutterstock.com)
SandRidge Energy Inc.’s board of directors has declared a one-time dividend amounting to $2.00 per share and an on-going quarterly dividend of $0.10 per share, as well as authorized $75 million in stock buybacks, according to a May 12 press release .
The one-time, $2.00 per share dividend will be payable on June 7 to all shareholders on record as of May 24. The on-going, $0.10 per share quarterly dividend will be payable starting in August, and will continue every quarter until stated otherwise. Stock buybacks will be conducted “from time-to-time on the open market,” according to the release.
SandRidge Energy is an oil and gas company based primarily in the midcontinent region - in Oklahoma and Kansas.
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