Nabors Stock To Go Ex-dividend Tomorrow (NBR)

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 Nabors Industries (NYSE: NBR) is tomorrow, March 7, 2013. Owners of shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $16.58 as of 9:31 a.m. ET, the dividend yield is 1%.

The average volume for Nabors has been 4.9 million shares per day over the past 30 days. Nabors has a market cap of $4.69 billion and is part of the basic materials sector and energy industry. Shares are up 13.4% year to date as of the close of trading on Tuesday.

Nabors Industries Ltd., together with its subsidiaries, operates as a land drilling contractor worldwide. The company has a P/E ratio of 19.7, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Nabors as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and poor profit margins. You can view the full Nabors Ratings Report.

See our dividend calendar or top-yielding stocks list.

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