NEW YORK (

TheStreet

) -- The ex-dividend date for

Baker Hughes

(NYSE:

BHI

) is tomorrow, February 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $49.92 as of 9:30 a.m. ET, the dividend yield is 1.2%.

The average volume for Baker Hughes has been 6.5 million shares per day over the past 30 days. Baker Hughes has a market cap of $20.71 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 1% year to date as of the close of trading on Tuesday.

Baker Hughes Incorporated supplies wellbore related products, and technology services and systems for drilling, formation evaluation, completion and production, and reservoir technology and consulting to the oil and natural gas industry worldwide. The company has a P/E ratio of 12.4, above the average energy industry P/E ratio of 11.7 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Baker Hughes as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Baker Hughes Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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