The ex-dividend date for Teekay LNG Partners (NYSE:TGP) is Monday, October 31, 2011. Owners of shares as of market close today will be eligible for a dividend of 63 cents per share. At a price of $35.83 as of 9:30 a.m., the dividend yield is 7%.
NEW YORK ( TheStreet) -- The ex-dividend date for Teekay LNG Partners (NYSE: TGP) is Monday, October 31, 2011. Owners of shares as of market close today will be eligible for a dividend of 63 cents per share. At a price of $35.83 as of 9:30 a.m. ET, the dividend yield is 7%. The average volume for Teekay LNG has been 161,000 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 down 5.1% year to date as of the close of trading on Thursday. 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 24.5, below the average transportation industry P/E ratio of 39.4 and above the S&P 500 P/E ratio of 17.7.
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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 revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity. You can view the full Teekay LNG Ratings Report. See our dividend calendar or top-yielding stocks list.