Hugoton Royalty Stock To Go Ex-dividend Tomorrow (HGT)

NEW YORK ( TheStreet) -- The ex-dividend date for Hugoton Royalty (NYSE: HGT) is tomorrow, April 27, 2011. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $24.15 as of 9:31 a.m. ET, the dividend yield is 5.1%.

The average volume for Hugoton Royalty has been 177,600 shares per day over the past 30 days. Hugoton Royalty has a market cap of $966.3 million and is part of the basic materials sector and energy industry. Shares are up 14.4% year to date as of the close of trading on Monday.

Hugoton Royalty Trust operates as an express trust in the United States. It holds a 80% net profits interests in certain natural gas producing working interest properties of XTO Energy Inc. XTO Energy Inc. The company has a P/E ratio of 15.6, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 16.7.
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TheStreet Ratings rates Hugoton Royalty as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Hugoton Royalty Ratings Report.

See our dividend calendar or top-yielding stocks list.

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