NEW YORK (

TheStreet

) -- The ex-dividend date for

Chesapeake Energy Corp

(NYSE:

CHK

) is tomorrow, March 30, 2011. Owners of shares as of market close today will be eligible for a dividend of eight cents per share. At a price of $33.21 as of 9:31 a.m. ET, the dividend yield is 0.9%.

The average volume for Chesapeake Energy has been 13.3 million shares per day over the past 30 days. Chesapeake Energy has a market cap of $22.5 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 27.6% year to date as of the close of trading on Monday.

Chesapeake Energy Corporation, together with its subsidiaries, produces natural gas in the United States. The company has a P/E ratio of 13.6, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 16.2.

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TheStreet Ratings rates Chesapeake Energy as buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full

Chesapeake Energy Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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