- SandRidge Energy (NYSE:SD) says it is suspending payment of the $3.50/share semi-annual dividend on shares of its 7% convertible perpetual preferred stock, citing the need to preserve liquidity.
- SD says it chose to suspend the preferred dividend rather than pay in common shares as it has done in the past, saying such a move would have subjected equity holders to significant dilution.
SandRidge Energy suspends semi-annual preferred stock dividend
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Symbol | Last Price | % Chg |
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SD | - | - |
SandRidge Energy, Inc. |