NEW YORK ( TheStreet) -- The ex-dividend date for Buckeye Partners L.P (NYSE: BPL) is tomorrow, February 16, 2012. Owners of shares as of market close today will be eligible for a dividend of $1.04 per share. At a price of $59.75 as of 9:35 a.m. ET, the dividend yield is 6.7%.

The average volume for Buckeye Partners L.P has been 277,400 shares per day over the past 30 days. Buckeye Partners L.P has a market cap of $5.35 billion and is part of the basic materials sector and energy industry. Shares are down 6.6% year to date as of the close of trading on Tuesday.

Buckeye Partners, L.P. owns and operates refined petroleum products pipeline systems in the United States. Its Pipelines and Terminals segment transports refined petroleum products and provides bulk storage and terminal throughput services in the continental United States. The company has a P/E ratio of 20.3, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Buckeye Partners L.P as a buy. 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. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Buckeye Partners L.P Ratings Report.

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