The ex-dividend date for Core Laboratories (NYSE:CLB) is tomorrow, October 19, 2011. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $103.42 as of 9:30 a.m., the dividend yield is 0.9%.
NEW YORK ( TheStreet) -- The ex-dividend date for Core Laboratories (NYSE: CLB) is tomorrow, October 19, 2011. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $103.42 as of 9:30 a.m. ET, the dividend yield is 0.9%. The average volume for Core has been 638,500 shares per day over the past 30 days. Core has a market cap of $4.9 billion and is part of the basic materials sector and energy industry. Shares are up 18.6% year to date as of the close of trading on Monday. Core Laboratories N.V. provides reservoir description, production enhancement, and reservoir management services to the oil and gas industry worldwide. The company has a P/E ratio of 31.3, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Core as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, notable return on equity, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Core Ratings Report. See our dividend calendar or top-yielding stocks list.