Ferrellgas Stock To Go Ex-dividend Tomorrow (FGP)

NEW YORK ( TheStreet) -- The ex-dividend date for Ferrellgas Partners (NYSE: FGP) is tomorrow, March 8, 2011. Owners of shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $28.83 as of 9:31 a.m. ET, the dividend yield is 6.9%.

The average volume for Ferrellgas has been 176,900 shares per day over the past 30 days. Ferrellgas has a market cap of $2 billion and is part of the basic materials sector and energy industry. Shares are up 12.5% year to date as of the close of trading on Friday.

Ferrellgas Partners, L.P. engages in the distribution and sale of propane and related equipment primarily in the United States. The company has a P/E ratio of 53.4, below the average energy industry P/E ratio of 80.1 and above the S&P 500 P/E ratio of 21.9.

TheStreet Ratings rates Ferrellgas as buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Ferrellgas Ratings Report.

See our dividend calendar or top-yielding stocks list.

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