SandRidge Energy soars on dividend, buyback plans

SandRidge Energy

15/05/2023 10:24

** Shares of SandRidge Energy  SD.N  rise 7.8% to $16.00
premarket 
    ** Co's board declares one-time dividend of $2/share payable
on June 7, 2023 
    ** Also plans to begin payment of ongoing quarterly dividend
of $0.10/share after Q2 2023
    ** Board authorizes $75 million stock buyback program
    ** Up to last close, stock had fallen 12.86% so far this
year

 (Reporting by Ashwini Raj in Bengaluru)
 ((Ashwini.Raj@thomsonreuters.com))