SandRidge Energy, an independent oil and gas company, announces the enrollment opening for its previously announced dividend reinvestment plan for stockholders. The company operates in the Mid-Continent and Western Anadarko regions, with a focus on producing, developing, and acquiring hydrocarbon resources. It holds interests in over 1,450 producing wells and operates over 950 of them. SandRidge Energy sells its oil, natural gas, and natural gas liquids to various customers.
SandRidge Energy, Inc. (NYSE: SD), an independent oil and gas company focused on producing, developing, and acquiring hydrocarbon resources in the Mid-Continent and Western Anadarko regions, has announced the opening of enrollment for its previously announced Dividend Reinvestment Plan (DRIP) for stockholders. The DRIP, administered by Equiniti Trust Company, allows stockholders to automatically reinvest cash dividends into additional company shares.
The plan provides two options for share purchases: directly from the company or through market transactions. Shares purchased directly from SandRidge will be priced at the NYSE closing price on dividend payment dates, while open market purchases will be based on the volume-weighted average price. Participation is voluntary, and stockholders can opt in at any time while maintaining the option to receive cash dividends if they choose not to participate.
SandRidge Energy has a strong track record of operational efficiency and financial performance. In its most recent Q2 2025 financial results, the company reported net income of $19.6 million ($0.53 per share) and Adjusted EBITDA of $22.8 million, with production averaging 17.8 MBoe per day, up 19% year-over-year. The company also declared an increased quarterly dividend of $0.12 per share, representing a 9% increase [1].
The DRIP is another step in SandRidge Energy's commitment to shareholder value. It allows investors to take advantage of potential price appreciation by reinvesting dividends into additional shares, potentially enhancing their overall investment return. The plan is designed to be flexible and convenient, offering stockholders the ability to participate on their terms.
Investors interested in enrolling in the Dividend Reinvestment Plan should visit the company's investor relations website or contact Equiniti Trust Company for more information.
References:
[1] https://www.stocktitan.net/news/SD/
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