RPC Stock To Go Ex-dividend Tomorrow (RES)

NEW YORK ( TheStreet) -- The ex-dividend date for RPC (NYSE: RES) is tomorrow, May 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $10.16 as of 10 a.m. ET, the dividend yield is 3.1%.

The average volume for RPC has been 1.9 million shares per day over the past 30 days. RPC has a market cap of $2.3 billion and is part of the basic materials sector and energy industry. Shares are down 14.4% year to date as of the close of trading on Friday.

RPC, Inc. The company has a P/E ratio of 7.3, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates RPC as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full RPC Ratings Report.

See our dividend calendar or top-yielding stocks list.

If you liked this article you might like

Tesla's Rally Has Died: Stock Falls to Sixth Worst Performer in Russell 1000

Analysts' Actions -- Alibaba, Estee Lauder, Mattel, Meredith and More

5 Earnings Short-Squeeze Plays -- Alibaba, Freeport-McMoRan, More

Baker Hughes Deal Not so Great for Oversupplied U.S. Fracking Industry

RPC (RES) Flagged As Strong On High Volume