NEW YORK (

TheStreet

) -- The ex-dividend date for

Spectra Energy Partners

(NYSE:

SEP

) is tomorrow, July 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 47 cents per share. At a price of $30.03 as of 10 a.m. ET, the dividend yield is 6.1%.

The average volume for Spectra Energy has been 266,100 shares per day over the past 30 days. Spectra Energy has a market cap of $2.7 billion and is part of the

basic materials

sector and

energy

industry. Shares are down 8.2% year to date as of the close of trading on Wednesday.

Spectra Energy Partners, LP operates as an investment arm of Spectra Energy Corp. The company has a P/E ratio of 17.4, below the average energy industry P/E ratio of 17.5 and below the S&P 500 P/E ratio of 17.7.

  • Practice your dividend trading strategies and win cash in our stock game.

TheStreet Ratings rates Spectra Energy as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full

Spectra Energy Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

null