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TheStreet Wire

Calumet Specialty Stock To Go Ex-dividend Tomorrow (CLMT)

By TheStreet Wire 01/31/12 - 09:48 AM EST

Find out if (CLMT) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- The ex-dividend date for Calumet Specialty Products Partners (Nasdaq:CLMT) is tomorrow, February 1, 2012. Owners of shares as of market close today will be eligible for a dividend of 53 cents per share. At a price of $22.97 as of 9:30 a.m. ET, the dividend yield is 9.3%.

The average volume for Calumet Specialty has been 292,700 shares per day over the past 30 days. Calumet Specialty has a market cap of $1.16 billion and is part of the basic materials sector and energy industry. Shares are up 13.8% year to date as of the close of trading on Monday.

Calumet Specialty Products Partners, L.P. produces and sells specialty hydrocarbon products in North America. It operates in two segments, Specialty Products and Fuel Products. The company has a P/E ratio of 54.1, above the average energy industry P/E ratio of 35.1 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Calumet Specialty as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Calumet Specialty Ratings Report.

See our dividend calendar or top-yielding stocks list.

For more information on Calumet Specialty Products Partners LP click any of the following:

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