ConocoPhillips Stock To Go Ex-dividend Tomorrow (COP)

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 ConocoPhillips (NYSE: COP) is tomorrow, October 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 66 cents per share. At a price of $57.57 as of 9:30 a.m. ET, the dividend yield is 4.6%.

The average volume for ConocoPhillips has been 6.6 million shares per day over the past 30 days. ConocoPhillips has a market cap of $69.98 billion and is part of the basic materials sector and energy industry. Shares are up 2.6% year to date as of the close of trading on Tuesday.

ConocoPhillips explores for, produces, transports, and markets crude oil, natural gas, natural gas liquids, liquefied natural gas and bitumen on a worldwide basis. The company has a P/E ratio of 6.5, below the average energy industry P/E ratio of 6.8 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates ConocoPhillips as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, notable return on equity, 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 sub par growth in net income. You can view the full ConocoPhillips Ratings Report.

See our dividend calendar or top-yielding stocks list.

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