NEW YORK ( TheStreet) -- The ex-dividend date for W&T Offshore (NYSE: WTI) is Monday, May 9, 2011. Owners of shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $24.42 as of 9:32 a.m. ET, the dividend yield is 0.6%. The average volume for W&T has been one million shares per day over the past 30 days. W&T has a market cap of $1.9 billion and is part of the basic materials sector and energy industry. Shares are up 33.9% year to date as of the close of trading on Thursday. W&T Offshore, Inc., together with its subsidiaries, engages in the acquisition, exploitation, exploration, production, and development of oil and natural gas properties in the Gulf of Mexico. The company has a P/E ratio of 19.8, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 16.9.
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