Vanguard Natural Stock To Go Ex-dividend Tomorrow (VNR)

NEW YORK ( TheStreet) -- The ex-dividend date for Vanguard Natural Resources (NYSE: VNR) is tomorrow, May 4, 2012. Owners of shares as of market close today will be eligible for a dividend of 59 cents per share. At a price of $28.70 as of 9:30 a.m. ET, the dividend yield is 8.1%.

The average volume for Vanguard Natural has been 357,000 shares per day over the past 30 days. Vanguard Natural has a market cap of $1.57 billion and is part of the basic materials sector and energy industry. Shares are up 3.4% year to date as of the close of trading on Wednesday.

Vanguard Natural Resources, LLC, through its subsidiaries, engages in the acquisition and development of oil and natural gas properties in the United States. The company has a P/E ratio of 14.9, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Vanguard Natural as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. You can view the full Vanguard Natural Ratings Report.

See our dividend calendar or top-yielding stocks list.
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