Nabors Stock To Go Ex-dividend Tomorrow (NBR)

NEW YORK ( TheStreet) -- The ex-dividend date for Nabors Industries (NYSE: NBR) is tomorrow, March 6, 2014. Owners of shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $23.08 as of 9:50 a.m. ET, the dividend yield is 0.7%.

The average volume for Nabors has been 4.6 million shares per day over the past 30 days. Nabors has a market cap of $6.76 billion and is part of the basic materials sector and energy industry. Shares are up 34.7% year to date as of the close of trading on Tuesday.

Nabors Industries Ltd., together with its subsidiaries, operates as a land drilling contractor in the United States, Canada, and internationally.

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

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