Halliburton Stock To Go Ex-dividend Tomorrow (HAL)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- The ex-dividend date for Halliburton Company (NYSE: HAL) is tomorrow, August 31, 2012. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $33.22 as of 9:30 a.m. ET, the dividend yield is 1.1%.

The average volume for Halliburton has been 14.8 million shares per day over the past 30 days. Halliburton has a market cap of $31.62 billion and is part of the basic materials sector and energy industry. Shares are down 2.9% year to date as of the close of trading on Wednesday.

Halliburton Company provides various products and services to the energy industry for exploring, developing, and producing oil and natural gas worldwide. It operates in two segments, Completion and Production, and Drilling and Evaluation. The company has a P/E ratio of 10.1, below the average energy industry P/E ratio of 10.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Halliburton as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Halliburton Ratings Report.

See our dividend calendar or top-yielding stocks list.

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