TC Pipelines Stock To Go Ex-dividend Tomorrow (TCLP)

NEW YORK ( TheStreet) -- The ex-dividend date for TC Pipelines (Nasdaq: TCLP) is tomorrow, October 27, 2011. Owners of shares as of market close today will be eligible for a dividend of 77 cents per share. At a price of $48.32 as of 9:30 a.m. ET, the dividend yield is 6.4%.

The average volume for TC Pipelines has been 122,500 shares per day over the past 30 days. TC Pipelines has a market cap of $2.6 billion and is part of the basic materials sector and energy industry. Shares are down 7.9% year to date as of the close of trading on Tuesday.

TC PipeLines, LP, together with its subsidiaries, transports natural gas in the United States (U.S.) and eastern Canada. The company has a P/E ratio of 15, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates TC Pipelines as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, expanding profit margins, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full TC Pipelines Ratings Report.

See our dividend calendar or top-yielding stocks list.

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