Pengrowth Energy Stock To Go Ex-dividend Tomorrow (PGH)

NEW YORK (TheStreet) -- The ex-dividend date for Pengrowth Energy (NYSE:PGH) is tomorrow, April 27, 2011. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $14.10 as of 9:32 a.m. ET, the dividend yield is 6.4%.

The average volume for Pengrowth Energy has been 1.1 million shares per day over the past 30 days. Pengrowth Energy has a market cap of $4.5 billion and is part of the basic materials sector and energy industry. Shares are up 4.3% year to date as of the close of trading on Monday.

Pengrowth Energy Corporation, through its subsidiary, Pengrowth Corporation, engages in the acquisition, ownership, and operation of working and royalty interests in oil and natural gas properties primarily in the Western Canadian Sedimentary Basin. The company has a P/E ratio of 18.1, above the average energy industry P/E ratio of 18 and above the S&P 500 P/E ratio of 16.7.

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TheStreet Ratings rates Pengrowth Energy as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and weak operating cash flow. You can view the full Pengrowth Energy Ratings Report.

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