Copano Energy Stock To Go Ex-dividend Tomorrow (CPNO)
The ex-dividend date for Copano Energy (Nasdaq:CPNO) is tomorrow, January 24, 2012. Owners of shares as of market close today will be eligible for a dividend of 57 cents per share. At a price of $34.84 as of 9:30 a.m., the dividend yield is 6.6%.
NEW YORK ( TheStreet) -- The ex-dividend date for Copano Energy (Nasdaq: CPNO) is tomorrow, January 24, 2012. Owners of shares as of market close today will be eligible for a dividend of 57 cents per share. At a price of $34.84 as of 9:30 a.m. ET, the dividend yield is 6.6%. The average volume for Copano Energy has been 255,000 shares per day over the past 30 days. Copano Energy has a market cap of $2.29 billion and is part of the basic materials sector and energy industry. Shares are up 1.2% year to date as of the close of trading on Friday. Copano Energy, L.L.C. provides midstream services to natural gas producers in the United States. The company's services comprise natural gas gathering, compression, dehydration, treating, marketing, transportation, processing, conditioning, and fractionation.
TheStreet Ratings rates Copano Energy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Copano Energy Ratings Report. See our dividend calendar or top-yielding stocks list.
Copano Energy (Nasdaq:CPNO) hit a new 52-week high Wednesday as it is currently trading at $41.52, above its previous 52-week high of $41.41 with 16,138 shares traded as of 9:35 a.m. ET. Average volume has been 926,100 shares over the past 30 days.