The ex-dividend date for Berry Petroleum (NYSE:BRY) is tomorrow, September 9, 2011. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $46.62 as of 9:30 a.m., the dividend yield is 0.7%.
NEW YORK ( TheStreet) -- The ex-dividend date for Berry Petroleum (NYSE: BRY) is tomorrow, September 9, 2011. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $46.62 as of 9:30 a.m. ET, the dividend yield is 0.7%. The average volume for Berry has been 828,900 shares per day over the past 30 days. Berry has a market cap of $2.3 billion and is part of the basic materials sector and energy industry. Shares are up 7.6% year to date as of the close of trading on Wednesday. Berry Petroleum Company, an independent energy company, engages in the production, development, acquisition, exploitation, and exploration of crude oil and natural gas in the United States. The company's properties are located in California, Texas, Utah, and Colorado. The company has a P/E ratio of 95.7, below the average energy industry P/E ratio of 99.9 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Berry as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, good cash flow from operations, growth in earnings per share and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Berry Ratings Report. See our dividend calendar or top-yielding stocks list.