Noble Stock To Go Ex-dividend Tomorrow (NE)

NEW YORK ( TheStreet) -- The ex-dividend date for Noble Corporation (NYSE: NE) is tomorrow, August 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $37.28 as of 9:30 a.m. ET, the dividend yield is 1.5%.

The average volume for Noble has been four million shares per day over the past 30 days. Noble has a market cap of $9.56 billion and is part of the basic materials sector and energy industry. Shares are up 25.4% year to date as of the close of trading on Tuesday.

Noble Corporation operates as an offshore drilling contractor for the oil and gas industry. The company offers contract drilling services for oil and gas wells. The company has a P/E ratio of 17.8, below the average energy industry P/E ratio of 22.2 and equal to the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Noble 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 impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Noble Ratings Report.

See our dividend calendar or top-yielding stocks list.
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