Niska Gas Stock To Go Ex-dividend Tomorrow (NKA)

NEW YORK ( TheStreet) -- The ex-dividend date for Niska Gas Storage Partners (NYSE: NKA) is tomorrow, August 3, 2011. Owners of shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $16.39 as of 9:30 a.m. ET, the dividend yield is 8.7%.

The average volume for Niska Gas has been 248,800 shares per day over the past 30 days. Niska Gas has a market cap of $546.3 million and is part of the utilities sector and utilities industry. Shares are down 18.2% year to date as of the close of trading on Monday.

Niska Gas Storage Partners LLC owns and operates natural gas storage assets in North America. It owns or contracts for approximately 185.5 billion cubic feet of total gas storage capacity. The company has a P/E ratio of 52.1, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Niska Gas as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and weak operating cash flow. You can view the full Niska Gas Ratings Report.

See our dividend calendar or top-yielding stocks list.

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