Noble Energy Stock To Go Ex-dividend Tomorrow (NBL)

NEW YORK ( TheStreet) -- The ex-dividend date for Noble Energy (NYSE: NBL) is tomorrow, May 3, 2012. Owners of shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $99 as of 9:35 a.m. ET, the dividend yield is 0.9%.

The average volume for Noble Energy has been 1.4 million shares per day over the past 30 days. Noble Energy has a market cap of $17.66 billion and is part of the basic materials sector and energy industry. Shares are up 5.8% year to date as of the close of trading on Tuesday.

Noble Energy, Inc., through its subsidiaries, engages in the acquisition, exploration, development, production, and marketing of crude oil, natural gas, and natural gas liquids in the United States, West Africa, Eastern Mediterranean, the North Sea, and internationally. The company has a P/E ratio of 25.3, below the average energy industry P/E ratio of 25.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Noble Energy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, good cash flow from operations, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Noble Energy Ratings Report.

See our dividend calendar or top-yielding stocks list.
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