On Monday, Shares of SandRidge Energy, Inc. (NYSE:SD), lost -8.15% to $0.70, hitting its lowest level.
SandRidge Energy, declared that its Board of Directors has declared a $4.25 per share semi-annual dividend on its shares of 8.5% Convertible Perpetual Preferred Stock that will be paid in shares of Company Common Stock on August 15, 2015 to holders of record on August 1, 2015. Following Section 3A of the Certificate of Designation governing the terms of the Preferred Stock, for the purpose of the dividend payment, one share of Common Stock will be valued at 95% of the average of the per share volume-weighted average prices for the 15 successive trading day period ending July 29, 2015. The company has 2,650,000 shares of 8.5% Convertible Perpetual Preferred Stock outstanding.
SandRidge Energy, Inc., an oil and natural gas company, explores for and produces oil and natural gas properties primarily in the Mid-Continent region of the United States. The company operates through three segments: Exploration and Production, Drilling and Oil Field Services, and Midstream Services.
Shares of E. I. du Pont de Nemours and Company (NYSE:DD), inclined 0.02% to $60, during its last trading session, hitting its lowest level, after it accomplished the separation of its performance chemicals unit through the spin-off of The Chemours Company CC.
Chemours – earlier a part of DuPont – is now an independent, publicly traded corporation and started “regular-way” trading on the NYSE on Jul 1. It is a leading producer of the widely-used white pigment – titanium dioxide (TiO2), market fundamentals for which remain challenging, especially in Europe.
- I. du Pont de Nemours and Company operates as a science and technology based company worldwide. The company’s Agriculture segment offers corn hybrid, soybean, canola, sunflower, sorghum, inoculants, seed products, wheat, rice, herbicides, fungicides, and insecticides.
Finally, Spirit Realty Capital, Inc. (NYSE:SRC), ended its last trade with 0.91% gain, and closed at $9.97.
Spirit Realty Capital, declared that it plans to release its 2015 second quarter financial results after the close of the stock market on Thursday, August 6, 2015.
Thomas H. Nolan Jr., Chairman and Chief Executive Officer, and Phillip D. Joseph, Jr., Chief Financial Officer, will host a conference call the same day at 5:00 pm Eastern Time.
Spirit Realty Capital, Inc is a publicly traded real estate investment trust. The firm primarily acquires across the United States single tenant operationally essential real estate, which refers to generally free-standing, commercial real estate facilities where tenants conduct retail, service or distribution activities that are essential to the generation of their sales and profits.
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