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

NEW YORK ( TheStreet) -- The ex-dividend date for Crosstex Energy (Nasdaq: XTEX) is tomorrow, October 27, 2011. Owners of shares as of market close today will be eligible for a dividend of 31 cents per share. At a price of $16.63 as of 9:30 a.m. ET, the dividend yield is 7.3%.

The average volume for Crosstex Energy has been 216,900 shares per day over the past 30 days. Crosstex Energy has a market cap of $854.6 million and is part of the basic materials sector and energy industry. Shares are up 13.9% year to date as of the close of trading on Tuesday.

Crosstex Energy, L.P., through its subsidiary, Crosstex Energy Services, L.P. operates as an independent midstream energy company. It engages in the gathering, transmission, processing, and marketing of natural gas and natural gas liquids in the north Texas Barnett shale area and Louisiana.
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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 increase in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Crosstex Energy Ratings Report.

See our dividend calendar or top-yielding stocks list.

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