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, August 4, 2011. Owners of shares as of market close today will be eligible for a dividend of 49 cents per share. At a price of $27.24 as of 9:30 a.m. ET, the dividend yield is 7.1%. The average volume for Penn Virginia Resource has been 270,400 shares per day over the past 30 days. Penn Virginia Resource has a market cap of $2 billion and is part of the basic materials sector and metals & mining industry. Shares are down 3.8% year to date as of the close of trading on Tuesday. Penn Virginia Resource Partners, L.P. engages in the management of coal and natural resource properties; and gathering and processing of natural gas in the United States. It operates in two segments, Coal and Natural Resource Management, and Natural Gas Midstream. The company has a P/E ratio of 26.4, below the average metals & mining industry P/E ratio of 33 and above the S&P 500 P/E ratio of 17.7.
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