Penn Virginia Resource Stock To Go Ex-dividend Tomorrow (PVR)
The ex-dividend date for Penn Virginia Resource Partners (NYSE:PVR) is tomorrow, May 4, 2011. Owners of shares as of market close today will be eligible for a dividend of 48 cents per share. At a price of $27.94 as of 9:31 a.m., the dividend yield is 6.8%.
NEW YORK ( TheStreet) -- The ex-dividend date for Penn Virginia Resource Partners (NYSE: PVR) is tomorrow, May 4, 2011. Owners of shares as of market close today will be eligible for a dividend of 48 cents per share. At a price of $27.94 as of 9:31 a.m. ET, the dividend yield is 6.8%. The average volume for Penn Virginia Resource has been 333,800 shares per day over the past 30 days. Penn Virginia Resource has a market cap of $1.5 billion and is part of the basic materials sector and metals & mining industry. Shares are down 1.6% year to date as of the close of trading on Monday. As of March 11, 2011, Penn Virginia Resource Partners LP was acquired by Penn Virginia GP Holdings LP, in a reverse merger transaction. Penn Virginia Resource Partners, L.P. engages in managing coal and natural resource properties; and gathering and processing natural gas in the United States. The company has a P/E ratio of 36.1, above the average metals & mining industry P/E ratio of 33.9 and above the S&P 500 P/E ratio of 17.1.
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TheStreet Ratings rates Penn Virginia Resource as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Penn Virginia Resource Ratings Report. See our dividend calendar or top-yielding stocks list.