Today: The SandRidge Mississippian Trust II (sdr) Declares Quarterly Dividend of $0.06

The SandRidge Mississippian Trust II (sdr) Declares Quarterly Dividend of $0.06

SandRidge Mississippian Trust II (NYSE:sdr) announced a quarterly dividend on Friday, October 28th. Shareholders of record on Friday, November 11th will be given a dividend of 0.058 per share on Friday, November 25th. This represents a $0.23 annualized dividend and a dividend yield of 15.57%. The ex-dividend date of this dividend is Tuesday, November 8th. This is a positive change from SandRidge Mississippian Trust II’s previous quarterly dividend of $0.05.

Shares of SandRidge Mississippian Trust II (NYSE:SDR) opened at 1.49 on Monday. The stock has a market cap of $74.09 million, a P/E ratio of 2.29 and a beta of 1.08. SandRidge Mississippian Trust II has a 52-week low of $1.30 and a 52-week high of $3.10. The firm’s 50 day moving average price is $1.45 and its 200 day moving average price is $1.71.

A hedge fund recently raised its stake in SandRidge Mississippian Trust II stock. JPMorgan Chase & Co. raised its stake in shares of SandRidge Mississippian Trust II (NYSE:SDR) by 65.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,665 shares of the company’s stock after buying an additional 27,602 shares during the period. JPMorgan Chase & Co. owned 0.14% of SandRidge Mississippian Trust II worth $119,000 as of its most recent SEC filing. Institutional investors own 4.73% of the company’s stock.

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