Chesapeake Energy Stock To Go Ex-dividend Tomorrow (CHK)

NEW YORK (TheStreet) -- The ex-dividend date for Chesapeake Energy (NYSE:CHK) is tomorrow, July 12, 2012. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $18.71 as of 9:30 a.m. ET, the dividend yield is 1.7%.

The average volume for Chesapeake Energy has been 37.2 million shares per day over the past 30 days. Chesapeake Energy has a market cap of $13.23 billion and is part of the basic materials sector and energy industry. Shares are down 10.4% year to date as of the close of trading on Tuesday.

Chesapeake Energy Corporation engages in the acquisition, exploration, development, and production of natural gas and oil properties in the United States. The company also offers marketing, midstream, drilling, and other oilfield services. The company has a P/E ratio of 7.9, below the average energy industry P/E ratio of 8.2 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Chesapeake Energy as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, poor profit margins and generally poor debt management. You can view the full Chesapeake Energy Ratings Report.

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