NEW YORK ( TheStreet) -- The ex-dividend date for Pengrowth Energy (NYSE: PGH) is tomorrow, September 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $9.71 as of 9:30 a.m. ET, the dividend yield is 9%.

The average volume for Pengrowth Energy has been 1.3 million shares per day over the past 30 days. Pengrowth Energy has a market cap of $3 billion and is part of the basic materials sector and energy industry. Shares are down 27% year to date as of the close of trading on Monday.

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 17.5, above the average energy industry P/E ratio of 12.8 and below 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, growth in earnings per share and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Pengrowth Energy Ratings Report.

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