NEW YORK (

TheStreet

) -- The ex-dividend date for

Chesapeake Energy

(NYSE:

CHK

) is tomorrow, September 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $29.25 as of 9:31 a.m. ET, the dividend yield is 1.3%.

The average volume for Chesapeake Energy has been 13.1 million shares per day over the past 30 days. Chesapeake Energy has a market cap of $18.2 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 6.8% year to date as of the close of trading on Tuesday.

TheStreet Recommends

Chesapeake Energy Corporation engages in the acquisition, development, exploration, and production of natural gas and oil properties in the United States. It also provides marketing and other midstream services. The company has a P/E ratio of 19.3, below the average energy industry P/E ratio of 19.9 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Chesapeake Energy as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Chesapeake Energy Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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