SD - SandRidge Energy: Operations Improvements In Market Turbulence

2024-01-31 06:24:53 ET

Summary

• SandRidge Energy has announced a one-time dividend of $1.5 per share and an increase in the quarterly dividend to $0.11 per share.
• The company's strong cash position and improvements in cash reservation have allowed for these distributions.
• SD is an oil and gas company focused on the Mid-Continent region, and its valuation presents a significant value opportunity.

Investment Rundown

Here on Seeking Alpha, SandRidge Energy ( SD ) has amassed quite a lot of followers given the small size of the business, which right now is just over $500 million. It seems the company is continuing its track record of delivering decent value to shareholders as less than a week a one-time dividend of $1.5 per share was announced and a $0.1 per share increase to the quarterly dividend, making it landed at $0.11 per share, and $0.44 annualized. This one-time dividend is the result of the company managing to build up a very strong cash position which enables them to do this distribution. At the end of the last report for example the company had a little over $230 million in cash....

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