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.
- Practice your dividend trading strategies and win cash in our stock game.