Buckeye Stock To Go Ex-dividend Tomorrow (BPL)

NEW YORK ( TheStreet) -- The ex-dividend date for Buckeye Partners (NYSE: BPL) is tomorrow, August 11, 2011. Owners of shares as of market close today will be eligible for a dividend of $1.01 per share. At a price of $60.74 as of 9:31 a.m. ET, the dividend yield is 7%.

The average volume for Buckeye has been 287,000 shares per day over the past 30 days. Buckeye has a market cap of $4.9 billion and is part of the basic materials sector and energy industry. Shares are down 8.9% year to date as of the close of trading on Tuesday.

Buckeye Partners, L.P. owns and operates refined petroleum products pipeline systems in the United States. Its Pipelines and Terminals segment transports refined petroleum products and provides bulk storage and terminal throughput services in the continental United States. The company has a P/E ratio of 24.9, below the average energy industry P/E ratio of 33.9 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Buckeye as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, growth in earnings per share and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Buckeye Ratings Report.

See our dividend calendar or top-yielding stocks list.

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