SandRidge Energy Announces Dividend Reinvestment Plan Enrollment

SandRidge Energy has opened enrollment for its Dividend Reinvestment Plan (DRIP), allowing stockholders to reinvest cash dividends into additional shares of the company's common stock. The plan is managed by Equiniti Trust Company, LLC, and participation is voluntary. Stockholders can opt to continue receiving cash dividends or enroll in the DRIP to acquire additional shares at the New York Stock Exchange closing price on dividend payment dates.

SandRidge Energy, Inc. (NYSE: SD) has announced the opening of enrollment for its previously announced Dividend Reinvestment Plan (DRIP), offering stockholders an automated way to reinvest cash dividends into additional company shares. The plan, administered by Equiniti Trust Company, LLC, allows for share purchases either directly from the company or through market transactions [1].

Under the terms of the DRIP, dividends will be reinvested in additional shares of SandRidge common stock. Stockholders can choose to have shares purchased directly from the company at the New York Stock Exchange closing price on dividend payment dates. Alternatively, shares can be purchased in the open market, with the price based on the volume-weighted average price paid for all shares purchased for the DRIP on the relevant date, excluding fees and commissions [1].

Participation in the DRIP is entirely voluntary, and stockholders may enroll at any time. Those who choose not to participate will continue to receive cash dividends, if and when declared by the Company. Stockholders interested in participating in the DRIP or seeking additional information may contact Equiniti Trust Company, LLC, the Plan Administrator, at (800) 278-4353 or https://equiniti.com/us/ast-access/individuals [1].

SandRidge Energy is an independent oil and gas company engaged in the production, development, and acquisition of oil and gas properties, with its primary area of operations in the Mid-Continent region in Oklahoma, Texas, and Kansas [2].

References:
[1] https://www.prnewswire.com/news-releases/sandridge-energy-inc-announces-enrollment-has-opened-for-previously-announced-dividend-reinvestment-plan-for-stockholders-302549821.html
[2] https://www.stocktitan.net/news/SD/