The ex-dividend date for BP (NYSE:BP) is tomorrow, August 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 48 cents per share. At a price of $42.24 as of 9:30 a.m., the dividend yield is 4.7%.
NEW YORK ( TheStreet) -- The ex-dividend date for BP (NYSE: BP) is tomorrow, August 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 48 cents per share. At a price of $42.24 as of 9:30 a.m. ET, the dividend yield is 4.7%. The average volume for BP has been 6.5 million shares per day over the past 30 days. BP has a market cap of $130.13 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 Monday. BP p.l.c. provides fuel for transportation, energy for heat and light, lubricants to engines, and petrochemicals products. The company has a P/E ratio of 5.1, below the average energy industry P/E ratio of 5.4 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates BP as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and generally poor debt management. You can view the full BP Ratings Report. See our dividend calendar or top-yielding stocks list.