NEW YORK ( TheStreet) -- The ex-dividend date for Pengrowth Energy (NYSE: PGH) is tomorrow, April 19, 2012. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $8.81 as of 9:59 a.m. ET, the dividend yield is 9.6%. The average volume for Pengrowth Energy has been 1.2 million shares per day over the past 30 days. Pengrowth Energy has a market cap of $3.27 billion and is part of the basic materials sector and energy industry. Shares are down 16.2% year to date as of the close of trading on Tuesday. Pengrowth Energy Corporation engages in the acquisition, exploration, development, and production of oil and natural gas reserves in Canada. It primarily explores for crude oil, natural gas, and natural gas liquids in the provinces of Alberta, British Columbia, Saskatchewan, and Nova Scotia. The company has a P/E ratio of 36.8, below the average energy industry P/E ratio of 37 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Pengrowth Energy as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. 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 Pengrowth Energy Ratings Report. See our dividend calendar or top-yielding stocks list.