NEW YORK (

TheStreet

) -- The ex-dividend date for

QEP Resources

(NYSE:

QEP

) is tomorrow, May 24, 2012. Owners of shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $26.58 as of 9:30 a.m. ET, the dividend yield is 0.3%.

The average volume for QEP has been 1.7 million shares per day over the past 30 days. QEP has a market cap of $4.86 billion and is part of the

basic materials

sector and

energy

industry. Shares are down 8.3% year to date as of the close of trading on Tuesday.

QEP Resources, Inc., through its subsidiaries, operates as an independent oil and natural gas exploration and production company. The company has a P/E ratio of 13.9, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates QEP as a

hold

. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and generally poor debt management. You can view the full

QEP Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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