Atlas Energy Stock To Go Ex-dividend Tomorrow (ATLS)

NEW YORK ( TheStreet) -- The ex-dividend date for Atlas Energy (NYSE: ATLS) is tomorrow, April 25, 2012. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $38.43 as of 10:58 a.m. ET, the dividend yield is 1.3%.

The average volume for Atlas Energy has been 483,600 shares per day over the past 30 days. Atlas Energy has a market cap of $1.82 billion and is part of the utilities sector and utilities industry. Shares are up 70.8% year to date as of the close of trading on Monday.

Atlas Energy, L.P. engages in the development and production of natural gas and oil in the Appalachian basin, Illinois basin, and the Rocky Mountain region of the United States. The company has a P/E ratio of 42.4, above the average utilities industry P/E ratio of 40.4 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Atlas Energy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, good cash flow from operations, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Atlas Energy Ratings Report.

See our dividend calendar or top-yielding stocks list.
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