SandRidge Mississippian Trust I (NYSE:SDT)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $1.01 and last traded at $1.03, with a volume of 184600 shares. The stock had previously closed at $1.05.

The company has a market capitalization of $29.40, a price-to-earnings ratio of 4.77 and a beta of 0.74.

The business also recently announced a quarterly dividend, which was paid on Friday, November 24th. Investors of record on Friday, November 10th were issued a $0.045 dividend. The ex-dividend date was Thursday, November 9th. This represents a $0.18 dividend on an annualized basis and a yield of 18.00%. SandRidge Mississippian Trust I’s dividend payout ratio is currently 81.82%.

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About SandRidge Mississippian Trust I

SandRidge Mississippian Trust I is a statutory trust formed by and among SandRidge Energy, Inc (SandRidge), The Bank of New York Mellon Trust Company, N.A., and The Corporation Trust Company. Sandridge offers various services to the Company, such as the operation of its development wells; remittance of net proceeds from the sale of associated production to the Company; administrative services, such as accounting, tax preparation, bookkeeping and informational services performed on behalf of the Company, and derivative agreement services related to production.

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