Inergy L.P Stock To Go Ex-dividend Tomorrow (NRGY)

NEW YORK ( TheStreet) -- The ex-dividend date for Inergy L.P (NYSE: NRGY) is tomorrow, February 3, 2012. Owners of shares as of market close today will be eligible for a dividend of 71 cents per share. At a price of $18.68 as of 9:30 a.m. ET, the dividend yield is 15%.

The average volume for Inergy L.P has been 723,500 shares per day over the past 30 days. Inergy L.P has a market cap of $2.65 billion and is part of the utilities sector and utilities industry. Shares are down 23.5% year to date as of the close of trading on Wednesday.

Inergy, L.P. engages in the retail marketing, sale, and distribution of propane to residential, commercial, industrial, and agricultural customers in the United States.

TheStreet Ratings rates Inergy L.P as a hold. Among the primary strengths of the company is its robust revenue growth -- not just in the most recent periods but in previous quarters as well. At the same time, however, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity. You can view the full Inergy L.P Ratings Report.

See our dividend calendar or top-yielding stocks list.
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