Sandridge Energy Dividend Details: Key Insights Prior to Ex-Dividend Date May 19, 2025

Sandridge Energy has announced a dividend of $0.110 per share, scheduled for distribution on Jun 2, 2025, with the ex-dividend date set for May 19, 2025, and the announcement made on May 7, 2025. This dividend is lower compared to the average of the last ten dividends, which stands at $0.472 per share. The company's previous dividend, distributed on Mar 31, 2025, was also $0.110 per share. Both dividends are classified as cash dividends, indicating a direct payout to shareholders.

Recently, Sandridge Energy has demonstrated robust financial performance, highlighted by a first-quarter earnings report that revealed a 41% increase in revenue, driven by higher gas prices and increased output. The stock experienced a notable rise of 12% following these positive results, surpassing the S&P 500 index's growth during the same period. As of late, Sandridge has maintained a strong financial position, with $101.1 million in cash and no outstanding debt, while generating $13.6 million in free cash flow.

Over the past week, Sandridge's strategic focus has been on capital discipline, with plans to spend between $66 million and $85 million this year to develop its Cherokee wells. The company aims to boost production in the second half of the year, leveraging its flexibility in drilling schedules. Additionally, Sandridge is exploring M&A opportunities to enhance operational capabilities and capitalize on tax attributes, including significant federal net operating loss carryforwards.

In conclusion, Sandridge Energy's upcoming ex-dividend date is May 19, 2025, marking the last opportunity for investors to purchase shares and receive this dividend payout. Purchases made after this date will not qualify for the current dividend distribution.