Ferrellgas Stock To Go Ex-dividend Tomorrow (FGP)

NEW YORK ( TheStreet) -- The ex-dividend date for Ferrellgas Partners (NYSE: FGP) is tomorrow, March 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $18.79 as of 9:30 a.m. ET, the dividend yield is 10.8%.

The average volume for Ferrellgas has been 257,600 shares per day over the past 30 days. Ferrellgas has a market cap of $1.32 billion and is part of the basic materials sector and energy industry. Shares are down 0.7% year to date as of the close of trading on Monday.

Ferrellgas Partners, L.P. engages in the distribution and sale of propane, and related equipment and supplies primarily in the United States.

TheStreet Ratings rates Ferrellgas 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 Ferrellgas Ratings Report.

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