El Paso Stock To Go Ex-dividend Tomorrow (EP)

NEW YORK ( TheStreet) -- The ex-dividend date for El Paso Corporation (NYSE: EP) is tomorrow, March 1, 2012. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $27.81 as of 9:30 a.m. ET, the dividend yield is 0.1%.

The average volume for El Paso has been 10.6 million shares per day over the past 30 days. El Paso has a market cap of $20.63 billion and is part of the basic materials sector and energy industry. Shares are up 4.6% year to date as of the close of trading on Tuesday.

El Paso Corporation operates in the natural gas transmission, and exploration and production sectors of the energy industry primarily in the United States. The company has a P/E ratio of 153.7, below the average energy industry P/E ratio of 668.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates El Paso as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full El Paso Ratings Report.

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