Teekay Offshore Partners L.P Stock To Go Ex-dividend Tomorrow (TOO)

NEW YORK ( TheStreet) -- The ex-dividend date for Teekay Offshore Partners L.P (NYSE: TOO) is tomorrow, April 19, 2012. Owners of shares as of market close today will be eligible for a dividend of 51 cents per share. At a price of $29.13 as of 9:35 a.m. ET, the dividend yield is 7%.

The average volume for Teekay Offshore Partners L.P has been 116,500 shares per day over the past 30 days. Teekay Offshore Partners L.P has a market cap of $2.05 billion and is part of the services sector and transportation industry. Shares are up 9.4% year to date as of the close of trading on Tuesday.

Teekay Offshore Partners L.P. provides marine transportation, oil production, and storage services to the offshore oil industry. The company has a P/E ratio of 23.9, below the average transportation industry P/E ratio of 414 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Teekay Offshore Partners L.P as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity. You can view the full Teekay Offshore Partners L.P Ratings Report.

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