NEW YORK ( TheStreet) -- The ex-dividend date for Spectra Energy Partners (NYSE: SEP) is tomorrow, November 3, 2011. Owners of shares as of market close today will be eligible for a dividend of 47 cents per share. At a price of $30.74 as of 9:30 a.m. ET, the dividend yield is 6%.

The average volume for Spectra Energy has been 165,900 shares per day over the past 30 days. Spectra Energy has a market cap of $3 billion and is part of the basic materials sector and energy industry. Shares are down 6.7% year to date as of the close of trading on Tuesday.

Spectra Energy Partners, LP operates as an investment arm of Spectra Energy Corp. The company has a P/E ratio of 18.1, below the average energy industry P/E ratio of 18.2 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Spectra Energy as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Spectra Energy Ratings Report.

See our dividend calendar or top-yielding stocks list.
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