On Tuesday, Shares of SandRidge Energy Inc. (NYSE:SD), gained 16.35% to $0.798.
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 Ingram Micro Inc. (NYSE:IM), inclined 1.13% to $24.96, during its last trading session.
Ingram Micro, anticipated to release financial results for the second quarter ending July 4, 2015, after the market closes on Thursday, July 30, 2015. A conference call with executive administration will be held at 5 p.m. ET (2 p.m. PT) on that day.
Ingram Micro Inc. distributes information technology (IT) products; and provides supply chain and mobile device lifecycle services worldwide. The company offers printers, scanners, displays, projectors, monitors, panels, mass storage, and tape products; digital signage products; digital cameras and video disc players, game consoles, televisions, audio, small appliances, media administration, and home control products; barcode/card printers, AIDC scanners and software, and wireless infrastructure products; Internet protocol video surveillance, security and fire alarm systems, and access control smart cards; processors, motherboards, hard drives, and memory products; and ink and toner supplies, paper, carrying cases, and anti-glare screens.
Finally, Federated Investors Inc (NYSE:FII), ended its last trade with -2.46% loss, and closed at $33.24.
Federated Improved Treasury Income Fund, declared the monthly distribution under its managed distribution plan. Under the plan, the fund makes monthly cash distributions approximating 2.5% of the fund’s preceding month-end’s net asset value (NAV) on an annualized basis. The fund may make distributions in excess of those required under the plan in order to meet its obligations under the Internal Revenue Code.
Federated Investors, Inc. is a publicly owned asset administration holding company. The firm provides its services to individuals, counting high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors.
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