Hess Stock To Go Ex-dividend Tomorrow (HES)

NEW YORK ( TheStreet) -- The ex-dividend date for Hess (NYSE: HES) is tomorrow, December 13, 2013. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $78.62 as of 9:50 a.m. ET, the dividend yield is 1.3%.

The average volume for Hess has been 2.7 million shares per day over the past 30 days. Hess has a market cap of $26.99 billion and is part of the basic materials sector and energy industry. Shares are up 50.9% year to date as of the close of trading on Wednesday.

Hess Corporation, together with its subsidiaries, operates as an independent energy company worldwide. It operates in two segments, Exploration and Production (E&P), and Marketing and Refining (M&R). The company has a P/E ratio of eight, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Hess as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, reasonable valuation levels, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Hess Ratings Report.

See our dividend calendar or top-yielding stocks list.

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