BP Stock To Go Ex-dividend Tomorrow (BP)

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 BP (NYSE: BP) is tomorrow, November 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 54 cents per share. At a price of $42.41 as of 9:30 a.m. ET, the dividend yield is 5.1%.

The average volume for BP has been 5.1 million shares per day over the past 30 days. BP has a market cap of $134.8 billion and is part of the basic materials sector and energy industry. Shares are down 0.5% 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 5.3, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates BP as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full BP Ratings Report.

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