NEW YORK (

TheStreet

) -- The ex-dividend date for

El Paso Corporation

(NYSE:

EP

) is tomorrow, August 31, 2011. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $18.83 as of 9:30 a.m. ET, the dividend yield is 0.2%.

The average volume for El Paso has been 10.6 million shares per day over the past 30 days. El Paso has a market cap of $14 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 37.4% year to date as of the close of trading on Monday.

El Paso Corporation operates in the natural gas transmission, and exploration and production sectors of the energy industry primarily in the United States. The company has a P/E ratio of 26, above the average energy industry P/E ratio of 25.6 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates El Paso as a

hold

. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including generally poor debt management and disappointing return on equity. You can view the full

El Paso Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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