The ex-dividend date for W&T Offshore Inc (NYSE:WTI) is tomorrow, August 18, 2011. Owners of shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $21.97 as of 9:33 a.m., the dividend yield is 0.7%.
NEW YORK ( TheStreet) -- The ex-dividend date for W&T Offshore Inc (NYSE: WTI) is tomorrow, August 18, 2011. Owners of shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $21.97 as of 9:33 a.m. ET, the dividend yield is 0.7%. The average volume for W&T has been 880,300 shares per day over the past 30 days. W&T has a market cap of $1.6 billion and is part of the basic materials sector and energy industry. Shares are up 20.6% year to date as of the close of trading on Tuesday. W&T Offshore, Inc. engages in the acquisition, exploitation, exploration, and development of oil and natural gas properties primarily in the Gulf of Mexico. As of April 26, 2011, it had working interests in approximately 68 fields in federal waters, state waters, and onshore. The company has a P/E ratio of 13.6, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates W&T as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, weak operating cash flow and disappointing return on equity. You can view the full W&T Ratings Report. See our dividend calendar or top-yielding stocks list.