NEW YORK (

TheStreet

) -- The ex-dividend date for

Pengrowth Energy

(NYSE:

PGH

) is tomorrow, February 24, 2011. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $12.75 as of 9:32 a.m. ET, the dividend yield is 6.8%.

The average volume for Pengrowth Energy has been 820,800 shares per day over the past 30 days. Pengrowth Energy has a market cap of $4 billion and is part of the

basic materials

sector and

energy

industry. Shares are down 1.2% year to date as of the close of trading on Tuesday.

Pengrowth Energy Corporation, through its subsidiary, Pengrowth Corporation, engages in the acquisition, ownership, and operation of working and royalty interests in oil and natural gas properties primarily in the Western Canadian Sedimentary Basin. The company has a P/E ratio of 15.9, above the average energy industry P/E ratio of 13.4 and below the S&P 500 P/E ratio of 23.2.

TheStreet Ratings rates Pengrowth Energy as buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, compelling growth in net income, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Pengrowth Energy Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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