Hugoton Royalty Stock To Go Ex-dividend Monday (HGT)
The ex-dividend date for Hugoton Royalty (NYSE:HGT) is Monday, August 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $21.96 as of 9:30 a.m., the dividend yield is 6.6%.
NEW YORK ( TheStreet) -- The ex-dividend date for Hugoton Royalty (NYSE: HGT) is Monday, August 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $21.96 as of 9:30 a.m. ET, the dividend yield is 6.6%. The average volume for Hugoton Royalty has been 123,800 shares per day over the past 30 days. Hugoton Royalty has a market cap of $887.2 million and is part of the basic materials sector and energy industry. Shares are up 6.8% year to date as of the close of trading on Thursday. Hugoton Royalty Trust operates as an express trust in the United States. It holds an 80% net profits interests in certain natural gas producing working interest properties of XTO Energy Inc. XTO Energy Inc. engages in the production and sale of oil and gas. XTO Energy Inc. The company has a P/E ratio of 14.3, below the average energy industry P/E ratio of 16.4 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 solid stock price performance. 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.