Williams Stock To Go Ex-dividend Tomorrow (WPZ)

NEW YORK (TheStreet) -- The ex-dividend date for Williams Partners (NYSE:WPZ) is tomorrow, May 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 78 cents per share. At a price of $57.26 as of 9:30 a.m. ET, the dividend yield is 5.4%.

The average volume for Williams has been 696,400 shares per day over the past 30 days. Williams has a market cap of $17.49 billion and is part of the basic materials sector and chemicals industry. Shares are down 4.2% year to date as of the close of trading on Monday.

Williams Partners L.P. focuses on natural gas transportation, gathering, treating and processing, storage, natural gas liquid fractionation, and oil transportation activities in the United States. The company operates in two segments, Gas Pipeline, and Midstream Gas and Liquids. The company has a P/E ratio of 15.3, below the average chemicals industry P/E ratio of 15.5 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Williams 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 growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Williams Ratings Report.

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