Chevron Stock To Go Ex-dividend Tomorrow (CVX)

NEW YORK ( TheStreet) -- The ex-dividend date for Chevron (NYSE: CVX) is tomorrow, May 16, 2012. Owners of shares as of market close today will be eligible for a dividend of 90 cents per share. At a price of $101.87 as of 9:30 a.m. ET, the dividend yield is 3.5%.

The average volume for Chevron has been 6.6 million shares per day over the past 30 days. Chevron has a market cap of $202.57 billion and is part of the basic materials sector and energy industry. Shares are down 3.5% year to date as of the close of trading on Monday.

Chevron Corporation, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. It operates in two segments, Upstream and Downstream. The company has a P/E ratio of 7.5, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Chevron as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Chevron Ratings Report.

See our dividend calendar or top-yielding stocks list.
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