Penn Virginia Resource Stock To Go Ex-dividend Tomorrow (PVR)
NEW YORK (TheStreet) -- The ex-dividend date for Penn Virginia Resource Partners (NYSE:PVR) is tomorrow, May 4, 2011. Owners of shares as of market close today will be eligible for a dividend of 48 cents per share. At a price of $27.94 as of 9:31 a.m. ET, the dividend yield is 6.8%. The average volume for Penn Virginia Resource has been 333,800 shares per day over the past 30 days. Penn Virginia Resource has a market cap of $1.5 billion and is part of the basic materials sector and metals & mining industry. Shares are down 1.6% year to date as of the close of trading on Monday. As of March 11, 2011, Penn Virginia Resource Partners LP was acquired by Penn Virginia GP Holdings LP, in a reverse merger transaction. Penn Virginia Resource Partners, L.P. engages in managing coal and natural resource properties; and gathering and processing natural gas in the United States. The company has a P/E ratio of 36.1, above the average metals & mining industry P/E ratio of 33.9 and above the S&P 500 P/E ratio of 17.1.
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