SandRidge Permian Trust (PER) Sees Strong Trading Volume
SandRidge Permian Trust (NYSE:PER) saw strong trading volume on Tuesday . 510,276 shares were traded during trading, an increase of 112% from the previous session’s volume of 240,787 shares.The stock last traded at $3.01 and had previously closed at $2.97.
Separately, Roth Capital restated a “buy” rating on shares of SandRidge Permian Trust in a research report on Tuesday, July 12th.
The company has a market capitalization of $151.73 million and a price-to-earnings ratio of 2.40. The firm has a 50 day moving average of $2.54 and a 200 day moving average of $2.56.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Friday, August 12th will be paid a dividend of $0.12 per share. This is an increase from SandRidge Permian Trust’s previous quarterly dividend of $0.09. This represents a $0.48 dividend on an annualized basis and a dividend yield of 15.95%. The ex-dividend date is Wednesday, August 10th.
Sandridge Permian Trust is a statutory trust formed under the Delaware Statutory Trust Act pursuant to a trust agreement by and among SandRidge Energy, Inc (SandRidge), as Trustor, The Bank of New York Mellon Trust Company, N.A., as Trustee (the Trustee), and The Corporation Trust Company, as Delaware Trustee (the Delaware Trustee).
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