NEW YORK ( TheStreet) -- The ex-dividend date for Energy XXI (Nasdaq: EXXI) is tomorrow, May 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $30.85 as of 9:30 a.m. ET, the dividend yield is 0.9%. The average volume for Energy XXI has been 1.1 million shares per day over the past 30 days. Energy XXI has a market cap of $2.41 billion and is part of the basic materials sector and energy industry. Shares are down 4% year to date as of the close of trading on Friday. Energy XXI (Bermuda) Limited, together with its subsidiaries, engages in the acquisition, exploration, development, production, and operation of oil and natural gas properties onshore in Louisiana and Texas, and offshore in the Gulf of Mexico. The company has a P/E ratio of 9.2, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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