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SandRidge Energy suspends semi-annual preferred stock dividend

Sep. 28, 2015 9:16 AM ETSandRidge Energy, Inc. (SD) StockBy: Carl Surran, SA News Editor12 Comments
  • 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.

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