Crosstex Energy Stock To Go Ex-dividend Tomorrow (XTXI)

NEW YORK ( TheStreet) -- The ex-dividend date for Crosstex Energy (Nasdaq: XTXI) is tomorrow, October 27, 2011. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $13.44 as of 9:30 a.m. ET, the dividend yield is 3.1%.

The average volume for Crosstex Energy has been 1.1 million shares per day over the past 30 days. Crosstex Energy has a market cap of $601.1 million and is part of the basic materials sector and energy industry. Shares are up 49.1% year to date as of the close of trading on Tuesday.

Crosstex Energy, Inc., through its partnership interest in Crosstex Energy, L.P., engages in gathering, transmission, processing, and marketing natural gas and natural gas liquids (NGLs) in the United States.
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TheStreet Ratings rates Crosstex Energy as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and revenue growth. However, as a counter to these strengths, we also find weaknesses including generally poor debt management and poor profit margins. You can view the full Crosstex Energy Ratings Report.

See our dividend calendar or top-yielding stocks list.

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