Nexen Stock To Go Ex-dividend Tomorrow (NXY)

NEW YORK ( TheStreet) -- The ex-dividend date for Nexen (NYSE: NXY) is tomorrow, March 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $19.65 as of 9:30 a.m. ET, the dividend yield is 1%.

The average volume for Nexen has been 2.8 million shares per day over the past 30 days. Nexen has a market cap of $9.44 billion and is part of the basic materials sector and energy industry. Shares are up 26.1% year to date as of the close of trading on Monday.

Nexen Inc. operates as an independent energy company worldwide. The company's Conventional Oil and Gas segment explores for, develops, and produces crude oil and natural gas from conventional sources. The company has a P/E ratio of 30.1, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Nexen as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. You can view the full Nexen Ratings Report.

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