El Paso Pipeline Stock To Go Ex-dividend Tomorrow (EPB)

NEW YORK ( TheStreet) -- The ex-dividend date for El Paso Pipeline Partners (NYSE: EPB) is tomorrow, January 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $36.14 as of 9:35 a.m. ET, the dividend yield is 5.6%.

The average volume for El Paso Pipeline has been 479,400 shares per day over the past 30 days. El Paso Pipeline has a market cap of $7.34 billion and is part of the basic materials sector and energy industry. Shares are up 4% year to date as of the close of trading on Wednesday.

El Paso Pipeline Partners, L.P. engages in the ownership and operation of natural gas transportation pipelines and storage assets in the United States. The company holds a 100% interest in Wyoming Interstate Company, Ltd. The company has a P/E ratio of 18.5, above the average energy industry P/E ratio of 17.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates El Paso Pipeline as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, compelling growth in net income, revenue growth, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full El Paso Pipeline Ratings Report.

See our dividend calendar or top-yielding stocks list.
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