NEW YORK (
) -- The ex-dividend date for
) is tomorrow, July 27, 2011. Owners of shares as of market close today will be eligible for a dividend of 41 cents per share. At a price of $35.94 as of 9:30 a.m. ET, the dividend yield is 4.5%.
The average volume for Western Gas has been 138,300 shares per day over the past 30 days. Western Gas has a market cap of $2 billion and is part of the
industry. Shares are up 18.6% year to date as of the close of trading on Monday.
Western Gas Partners, LP, together with its subsidiaries, engages in the acquisition, ownership, development, and operation of midstream energy assets in east and west Texas, the Rocky Mountains, and the Mid-Continent. The company has a P/E ratio of 21, below the average energy industry P/E ratio of 21.4 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Western Gas as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full