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

NEW YORK ( TheStreet) -- The ex-dividend date for Crosstex Energy (Nasdaq: XTEX) is Monday, April 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 33 cents per share. At a price of $17.89 as of 9:30 a.m. ET, the dividend yield is 7.5%.

The average volume for Crosstex Energy has been 168,400 shares per day over the past 30 days. Crosstex Energy has a market cap of $896.7 million and is part of the basic materials sector and energy industry. Shares are up 9.7% year to date as of the close of trading on Thursday.

Crosstex Energy, L.P. operates as an independent midstream energy company.

TheStreet Ratings rates Crosstex Energy as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and good cash flow from operations. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Crosstex Energy Ratings Report.

See our dividend calendar or top-yielding stocks list.
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