Energy Transfer Partners L.P Stock To Go Ex-dividend Tomorrow (ETP)

NEW YORK ( TheStreet) -- The ex-dividend date for Energy Transfer Partners L.P (NYSE: ETP) is tomorrow, February 3, 2012. Owners of shares as of market close today will be eligible for a dividend of 87 cents per share. At a price of $49.83 as of 9:30 a.m. ET, the dividend yield is 7.2%.

The average volume for Energy Transfer Partners L.P has been 1.2 million shares per day over the past 30 days. Energy Transfer Partners L.P has a market cap of $10.22 billion and is part of the basic materials sector and energy industry. Shares are up 8.2% year to date as of the close of trading on Wednesday.

Energy Transfer Partners, L.P. engages in the natural gas midstream, and intrastate transportation and storage businesses in the United States. The company has a P/E ratio of 36.8, above the average energy industry P/E ratio of 35.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Energy Transfer Partners L.P as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Energy Transfer Partners L.P Ratings Report.

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