El Paso Pipeline Stock To Go Ex-dividend Tomorrow (EPB)

NEW YORK ( TheStreet) -- The ex-dividend date for El Paso Pipeline Partners (NYSE: EPB) is tomorrow, April 27, 2011. Owners of shares as of market close today will be eligible for a dividend of 46 cents per share. At a price of $37.46 as of 9:32 a.m. ET, the dividend yield is 5%.

The average volume for El Paso Pipeline has been 763,300 shares per day over the past 30 days. El Paso Pipeline has a market cap of $6.6 billion and is part of the basic materials sector and energy industry. Shares are up 9.9% year to date as of the close of trading on Monday.

El Paso Pipeline Partners, L.P. engages in the ownership and operation of natural gas transportation pipelines and storage assets in the United States. The company has a P/E ratio of 20.9, above the average energy industry P/E ratio of 19.6 and above the S&P 500 P/E ratio of 16.7.

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TheStreet Ratings rates El Paso Pipeline as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, expanding profit margins and reasonable valuation levels. 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 El Paso Pipeline Ratings Report.

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