Calumet Specialty Stock To Go Ex-dividend Tomorrow (CLMT)

NEW YORK ( TheStreet) -- The ex-dividend date for Calumet Specialty Products Partners (Nasdaq: CLMT) is tomorrow, May 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 56 cents per share. At a price of $26.72 as of 10:49 a.m. ET, the dividend yield is 8.3%.

The average volume for Calumet Specialty has been 255,200 shares per day over the past 30 days. Calumet Specialty has a market cap of $1.39 billion and is part of the basic materials sector and energy industry. Shares are up 34.7% year to date as of the close of trading on Monday.

Calumet Specialty Products Partners, L.P. produces and sells specialty hydrocarbon products in North America. It operates in two segments, Specialty Products and Fuel Products. The company has a P/E ratio of 27.6, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Calumet Specialty 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, compelling growth in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Calumet Specialty Ratings Report.

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