Energy XXI Stock To Go Ex-dividend Tomorrow (EXXI)

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.

TheStreet Ratings rates Energy XXI as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, expanding profit margins, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Energy XXI Ratings Report.

See our dividend calendar or top-yielding stocks list.
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