NEW YORK ( TheStreet) -- The ex-dividend date for Pengrowth Energy (NYSE: PGH) is tomorrow, March 29, 2011. Owners of shares as of market close today will be eligible for a dividend of seven cents per share. At a price of $13.95 as of 9:32 a.m. ET, the dividend yield is 6.1%. The average volume for Pengrowth Energy has been 977,000 shares per day over the past 30 days. Pengrowth Energy has a market cap of $4.6 billion and is part of the basic materials sector and energy industry. Shares are up 8.2% year to date as of the close of trading on Friday. 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 18.4, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 16.2.
Practice your dividend trading strategies and win cash in our stock game.
TheStreet Ratings rates Pengrowth Energy as hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and weak operating cash flow. You can view the full Pengrowth Energy Ratings Report. See our dividend calendar or top-yielding stocks list.