Baker Hughes Stock To Go Ex-dividend Tomorrow (BHI)

NEW YORK ( TheStreet) -- The ex-dividend date for Baker Hughes (NYSE: BHI) is tomorrow, August 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $46.53 as of 9:30 a.m. ET, the dividend yield is 1.3%.

The average volume for Baker Hughes has been six million shares per day over the past 30 days. Baker Hughes has a market cap of $20.81 billion and is part of the basic materials sector and energy industry. Shares are down 4.8% year to date as of the close of trading on Tuesday.

Baker Hughes Incorporated supplies oilfield services, products, and technology services and systems to the oil and natural gas industry worldwide. The company has a P/E ratio of 11.3, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Baker Hughes as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Baker Hughes Ratings Report.

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