NEW YORK (
) -- The ex-dividend date for
) is Monday, August 22, 2011. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $8.03 as of 9:48 a.m. ET, the dividend yield is 6.4%.
The average volume for Provident Energy has been 1.3 million shares per day over the past 30 days. Provident Energy has a market cap of $2.3 billion and is part of the
industry. Shares are up 2.3% year to date as of the close of trading on Thursday.
Provident Energy Ltd. engages in the natural gas liquids (NGLs) infrastructure and marketing business in Canada and the United States. The company involves in the extraction, processing, storage, transportation, and marketing of NGLs, as well as offers these services to third party customers. The company has a P/E ratio of 24.4, below the average energy industry P/E ratio of 35.2 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Provident Energy as a
. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and solid stock price performance. 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