Teekay LNG Partners L.P Stock To Go Ex-dividend Monday (TGP)

NEW YORK ( TheStreet) -- The ex-dividend date for Teekay LNG Partners L.P (NYSE: TGP) is Monday, January 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 63 cents per share. At a price of $37.59 as of 9:39 a.m. ET, the dividend yield is 6.8%.

The average volume for Teekay LNG Partners L.P has been 315,600 shares per day over the past 30 days. Teekay LNG Partners L.P has a market cap of $2.19 billion and is part of the services sector and transportation industry. Shares are up 13.1% 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 25.4, above the average transportation industry P/E ratio of 17.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Teekay LNG Partners L.P as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full Teekay LNG Partners L.P Ratings Report.

See our dividend calendar or top-yielding stocks list.
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