Pengrowth Energy Stock To Go Ex-dividend Monday (PGH)

NEW YORK ( TheStreet) -- The ex-dividend date for Pengrowth Energy (NYSE: PGH) is Monday, August 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $10.71 as of 9:30 a.m. ET, the dividend yield is 7.7%.

The average volume for Pengrowth Energy has been 1.2 million shares per day over the past 30 days. Pengrowth Energy has a market cap of $3.6 billion and is part of the basic materials sector and energy industry. Shares are down 15.6% year to date as of the close of trading on Thursday.

Pengrowth Energy Corporation engages in the acquisition, exploration, development, and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. The company has a P/E ratio of 20.8, above the average energy industry P/E ratio of 15.2 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Pengrowth Energy as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, expanding profit margins, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Pengrowth Energy Ratings Report.

See our dividend calendar or top-yielding stocks list.

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