Dividend Coverage: The $0.05 mark is well within reach for SandRidge Mississippian Trust I (NYSE:SDT).

Dividend Coverage: The $0.05 mark is well within reach for SandRidge Mississippian Trust I (NYSE:SDT).

SandRidge Mississippian Trust I (NYSE:SDT) is expected to pay $0.05 on Nov 25, 2016. The indicated annual dividend is $0.22. Shareholders owning the stock before Nov 8, 2016 will be eligible to receive the payout. Based on SandRidge Mississippian Trust I’s current price of $1.32, the dividend is 4.09%. This dividend’s record date is Nov 11, 2016 and the announcement date is Oct 28, 2016. The stock increased 1.54% or $0.02 on November 4, hitting $1.32. Sandridge Mississippian Trust I (NYSE:SDT) has declined 48.44% since April 5, 2016 and is downtrending. It has underperformed by 50.39% the S&P500.

SandRidge Mississippian Trust I is a statutory trust formed by and among SandRidge Energy, Inc. , The Bank of New York Mellon Trust Company, N.A., and The Corporation Trust Company. The company has a market cap of $36.96 million. 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. It has a 1.25 P/E ratio. The Firm holds Royalty Interests in specified oil and natural gas properties located in the Mississippian formation in Alfalfa, Garfield, Grant and Woods counties in Oklahoma.

Insitutional Activity: The institutional sentiment decreased to 0.58 in Q2 2016. Its down 0.13, from 0.71 in 2016Q1. The ratio turned negative, as 7 funds sold all Sandridge Mississippian Trust I shares owned while 12 reduced positions. 4 funds bought stakes while 7 increased positions. They now own 2.62 million shares or 10.31% more from 2.37 million shares in 2016Q1.
California Employees Retirement System last reported 0% of its portfolio in the stock. Hightower Advisors Ltd Liability Company has invested 0% of its portfolio in Sandridge Mississippian Trust I (NYSE:SDT). Morgan Stanley, a New York-based fund reported 14,557 shares. Next Gp holds 300 shares or 0% of its portfolio. Highlander Cap Ltd Com last reported 0% of its portfolio in the stock. Susquehanna Interest Group Inc Limited Liability Partnership has 0% invested in the company for 10,832 shares. Citadel Advsrs Ltd Limited Liability Company last reported 13,967 shares in the company. Commonwealth Equity Inc holds 11,781 shares or 0% of its portfolio. Citigroup Incorporated has invested 0% of its portfolio in Sandridge Mississippian Trust I (NYSE:SDT). Architects last reported 1,700 shares in the company. Moreover, Cetera Advisor Net Limited Co has 0% invested in Sandridge Mississippian Trust I (NYSE:SDT) for 13,203 shares. Thrivent Finance For Lutherans reported 750 shares or 0% of all its holdings. Manufacturers Life The last reported 0% of its portfolio in the stock. Tru Asset Management Ltd Llc holds 1.68% of its portfolio in Sandridge Mississippian Trust I (NYSE:SDT) for 2.09 million shares. Deutsche National Bank & Trust Ag last reported 0% of its portfolio in the stock.

More notable recent Sandridge Mississippian Trust I (NYSE:SDT) news were published by: Seekingalpha.com which released: “SandRidge Mississippian Trust I – If You Hold This Oil Trust, Time To Fold” on February 05, 2016, also Fool.com with their article: “Is SandRidge Mississippian Trust II Worth a Long-Term Investment?” published on July 25, 2014, Fool.com published: “Better Buy: SandRidge Energy Inc. or SandRidge Mississippian Trust II” on April 24, 2014. More interesting news about Sandridge Mississippian Trust I (NYSE:SDT) were released by: Zacks.com and their article: “3 Reasons Value Stock Investors Will Love SandRidge Mississippian Trust (SDT)” published on April 15, 2015 as well as Seekingalpha.com‘s news article titled: “SandRidge Mississippian Trust II – High Risk, Reward Getting Lower And Lower” with publication date: May 08, 2016.

SDT Company Profile

SandRidge Mississippian Trust I, incorporated on December 30, 2010, 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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