Penn Virginia Resource Stock To Go Ex-dividend Tomorrow (PVR)

NEW YORK ( TheStreet) -- The ex-dividend date for Penn Virginia Resource Partners (NYSE: PVR) is tomorrow, May 4, 2012. Owners of shares as of market close today will be eligible for a dividend of 52 cents per share. At a price of $25.38 as of 9:30 a.m. ET, the dividend yield is 8.4%.

The average volume for Penn Virginia Resource has been 492,700 shares per day over the past 30 days. Penn Virginia Resource has a market cap of $1.97 billion and is part of the basic materials sector and metals & mining industry. Shares are down 0.8% year to date as of the close of trading on Wednesday.

Penn Virginia Resource Partners, L.P. engages in the management of coal and natural resource properties; and gathering and processing of natural gas in the United States. It operates in two segments, Coal and Natural Resource Management, and Natural Gas Midstream.

TheStreet Ratings rates Penn Virginia Resource as a hold. The company's strongest point has been its a solid financial position based on a variety of debt and liquidity measures that we have looked at. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Penn Virginia Resource Ratings Report.

See our dividend calendar or top-yielding stocks list.

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