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

NEW YORK ( TheStreet) -- The ex-dividend date for Hugoton Royalty (NYSE: HGT) is tomorrow, June 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $22.32 as of 9:31 a.m. ET, the dividend yield is 7.2%.

The average volume for Hugoton Royalty has been 148,000 shares per day over the past 30 days. Hugoton Royalty has a market cap of $886.8 million and is part of the basic materials sector and energy industry. Shares are up 8.3% year to date as of the close of trading on Friday.

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 14.3, below the average energy industry P/E ratio of 15.2 and below the S&P 500 P/E ratio of 17.7.
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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 largely solid financial position with reasonable debt levels by most measures, expanding profit margins, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Hugoton Royalty Ratings Report.

See our dividend calendar or top-yielding stocks list.

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