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

NEW YORK ( TheStreet) -- The ex-dividend date for Crosstex Energy (Nasdaq: XTEX) is Monday, January 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 32 cents per share. At a price of $17.23 as of 9:30 a.m. ET, the dividend yield is 7.4%.

The average volume for Crosstex Energy has been 164,400 shares per day over the past 30 days. Crosstex Energy has a market cap of $869.3 million and is part of the basic materials sector and energy industry. Shares are up 5.9% year to date as of the close of trading on Thursday.

Crosstex Energy, L.P., through its subsidiary, Crosstex Energy Services, L.P. operates as an independent midstream energy company.

TheStreet Ratings rates Crosstex Energy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including poor profit margins and weak operating cash flow. You can view the full Crosstex Energy Ratings Report.

See our dividend calendar or top-yielding stocks list.

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