NEW YORK ( TheStreet) -- The ex-dividend date for Crosstex Energy (Nasdaq: XTEX) is tomorrow, July 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 31 cents per share. At a price of $17.15 as of 9:30 a.m. ET, the dividend yield is 7%. The average volume for Crosstex Energy has been 150,200 shares per day over the past 30 days. Crosstex Energy has a market cap of $895.5 million and is part of the basic materials sector and energy industry. Shares are up 19% year to date as of the close of trading on Tuesday. Crosstex Energy, L.P., through its subsidiary, Crosstex Energy Services, L.P. operates as an independent midstream energy company. It engages in the gathering, transmission, processing, and marketing of natural gas and natural gas liquids in the north Texas Barnett shale area and Louisiana.
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