NEW YORK (

TheStreet

) -- The ex-dividend date for

Schlumberger

(NYSE:

SLB

) is tomorrow, May 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $66.18 as of 9:30 a.m. ET, the dividend yield is 1.7%.

The average volume for Schlumberger has been 8.5 million shares per day over the past 30 days. Schlumberger has a market cap of $87.23 billion and is part of the

basic materials

sector and

energy

industry. Shares are down 4.2% year to date as of the close of trading on Friday.

Schlumberger Limited, together with its subsidiaries, supplies technology, integrated project management, and information solutions to the oil and gas exploration and production industries worldwide. The company has a P/E ratio of 17.3, above the average energy industry P/E ratio of 16.5 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Schlumberger as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, growth in earnings per share and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Schlumberger Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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