Teekay LNG Stock To Go Ex-dividend Tomorrow (TGP)

NEW YORK ( TheStreet) -- The ex-dividend date for Teekay LNG Partners (NYSE: TGP) is tomorrow, May 4, 2011. Owners of shares as of market close today will be eligible for a dividend of 63 cents per share. At a price of $38.18 as of 9:32 a.m. ET, the dividend yield is 6.6%.

The average volume for Teekay LNG has been 208,900 shares per day over the past 30 days. Teekay LNG has a market cap of $2.1 billion and is part of the services sector and transportation industry. Shares are up 0.4% year to date as of the close of trading on Monday.

Teekay LNG Partners L.P. provides marine transportation services for liquefied natural gas, liquefied petroleum gas, and crude oil worldwide. The company has a P/E ratio of 26, above the average transportation industry P/E ratio of 25.6 and above the S&P 500 P/E ratio of 17.1.
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TheStreet Ratings rates Teekay LNG as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full Teekay LNG Ratings Report.

See our dividend calendar or top-yielding stocks list.

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