QEP Stock To Go Ex-dividend Tomorrow (QEP)

NEW YORK ( TheStreet) -- The ex-dividend date for QEP Resources (NYSE: QEP) is tomorrow, August 15, 2012. Owners of shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $27.11 as of 9:30 a.m. ET, the dividend yield is 0.3%.

The average volume for QEP has been 1.7 million shares per day over the past 30 days. QEP has a market cap of $4.97 billion and is part of the basic materials sector and energy industry. Shares are down 4.6% year to date as of the close of trading on Monday.

QEP Resources, Inc., through its subsidiaries, operates as an independent oil and natural gas exploration and production company. The company has a P/E ratio of 19.4, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates QEP as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full QEP Ratings Report.

See our dividend calendar or top-yielding stocks list.
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