Penn Virginia Stock To Go Ex-dividend Tomorrow (PVA)

NEW YORK ( TheStreet) -- The ex-dividend date for Penn Virginia Corporation (NYSE: PVA) is tomorrow, February 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $4.84 as of 9:30 a.m. ET, the dividend yield is 4.5%.

The average volume for Penn Virginia has been 1.2 million shares per day over the past 30 days. Penn Virginia has a market cap of $213.9 million and is part of the basic materials sector and energy industry. Shares are down 7.8% year to date as of the close of trading on Friday.

Penn Virginia Corporation, an independent oil and gas company, engages in the exploration, development, and production of natural gas and oil in various domestic onshore regions of the United States, including Texas, Appalachia, the Mid-Continent, and Mississippi.

TheStreet Ratings rates Penn Virginia as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full Penn Virginia Ratings Report.

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