Western Refining Stock To Go Ex-dividend Tomorrow (WNR)

NEW YORK ( TheStreet) -- The ex-dividend date for Western Refining (NYSE: WNR) is tomorrow, April 17, 2012. Owners of shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $18.63 as of 9:30 a.m. ET, the dividend yield is 0.8%.

The average volume for Western Refining has been 2.5 million shares per day over the past 30 days. Western Refining has a market cap of $1.83 billion and is part of the basic materials sector and energy industry. Shares are up 39.2% year to date as of the close of trading on Friday.

Western Refining, Inc. operates as an independent crude oil refiner and marketer of refined products. The company operates in three segments: Refining Group, Wholesale Group, and Retail Group. The company has a P/E ratio of 14.2, below the average energy industry P/E ratio of 15 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Western Refining as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, notable return on equity, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Western Refining Ratings Report.

See our dividend calendar or top-yielding stocks list.
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