The oil and gas producer increases its payout by 8.3%, marking the second consecutive quarterly raise.
SandRidge Energy announced an 8.3% increase in its quarterly dividend to $0.13 per share. The move follows a prior hike in the previous quarter and reflects improved cash flow amid stable energy prices.
The company last raised its dividend in Q2, bringing the total increase over two quarters to nearly 17%. Analysts had anticipated a modest adjustment but not a back-to-back raise, given volatility in commodity markets.
Shares of SandRidge Energy remained flat in after-hours trading, as investors weighed the dividend growth against broader sector performance.