Chevron Stock To Go Ex-dividend Tomorrow (CVX)

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 Chevron (NYSE: CVX) is tomorrow, November 14, 2012. Owners of shares as of market close today will be eligible for a dividend of 90 cents per share. At a price of $105.33 as of 9:30 a.m. ET, the dividend yield is 3.4%.

The average volume for Chevron has been 5.8 million shares per day over the past 30 days. Chevron has a market cap of $207.15 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.

Chevron Corporation, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. It operates in two segments, Upstream and Downstream. The company has a P/E ratio of 8.7, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Chevron as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures 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 Chevron Ratings Report.

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