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, June 5, 2013. Owners of shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $16.39 as of 9:31 a.m. ET, the dividend yield is 1%.

The average volume for Nabors has been 4.6 million shares per day over the past 30 days. Nabors has a market cap of $4.72 billion and is part of the basic materials sector and energy industry. Shares are up 14.6% year to date as of the close of trading on Monday.

Nabors Industries Ltd., together with its subsidiaries, operates as a land drilling contractor in the United States, Canada, and internationally. The company has a P/E ratio of 24.3, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Nabors 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, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Nabors Ratings Report.

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