Carbo Ceramics Stock To Go Ex-dividend Tomorrow (CRR)
The ex-dividend date for Carbo Ceramics (NYSE:CRR) is tomorrow, October 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $138.80 as of 9:30 a.m., the dividend yield is 0.8%.
NEW YORK ( TheStreet) -- The ex-dividend date for Carbo Ceramics (NYSE: CRR) is tomorrow, October 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $138.80 as of 9:30 a.m. ET, the dividend yield is 0.8%. The average volume for Carbo Ceramics has been 622,200 shares per day over the past 30 days. Carbo Ceramics has a market cap of $2.7 billion and is part of the basic materials sector and energy industry. Shares are up 19.4% year to date as of the close of trading on Wednesday. CARBO Ceramics Inc. manufactures and supplies ceramic proppants primarily used in the hydraulic fracturing of natural gas and oil wells in the United States and internationally. The company has a P/E ratio of 26.3, below the average energy industry P/E ratio of 26.4 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Carbo Ceramics as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. 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 Carbo Ceramics Ratings Report. See our dividend calendar or top-yielding stocks list.