Crosstex Energy Stock To Go Ex-dividend Monday (XTXI)

NEW YORK ( TheStreet) -- The ex-dividend date for Crosstex Energy (Nasdaq: XTXI) is Monday, April 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $14.90 as of 9:30 a.m. ET, the dividend yield is 3.3%.

The average volume for Crosstex Energy has been 224,600 shares per day over the past 30 days. Crosstex Energy has a market cap of $698.5 million and is part of the basic materials sector and energy industry. Shares are up 17.6% year to date as of the close of trading on Thursday.

Crosstex Energy, Inc., through its partnership interests in Crosstex Energy, L.P., engages in the gathering, transmission, processing, and marketing of natural gas, natural gas liquids (NGLs), and crude oil in the United States.

TheStreet Ratings rates Crosstex Energy as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and increase in net income. However, as a counter to these strengths, we also find weaknesses including generally poor debt management and poor profit margins. You can view the full Crosstex Energy Ratings Report.

See our dividend calendar or top-yielding stocks list.
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