Ferrellgas Stock To Go Ex-dividend Tomorrow (FGP)

NEW YORK ( TheStreet) -- The ex-dividend date for Ferrellgas Partners (NYSE: FGP) is tomorrow, December 6, 2011. Owners of shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $22.90 as of 9:30 a.m. ET, the dividend yield is 8.8%.

The average volume for Ferrellgas has been 177,700 shares per day over the past 30 days. Ferrellgas has a market cap of $1.73 billion and is part of the basic materials sector and energy industry. Shares are down 10.6% year to date as of the close of trading on Friday.

Ferrellgas Partners, L.P. engages in the distribution and sale of propane, and related equipment and supplies primarily in the United States.

TheStreet Ratings rates Ferrellgas as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and growth in earnings per share. 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 Ferrellgas Ratings Report.

See our dividend calendar or top-yielding stocks list.

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