Teekay LNG Partners L.P Stock To Go Ex-dividend Tomorrow (TGP)

NEW YORK ( TheStreet) -- The ex-dividend date for Teekay LNG Partners L.P (NYSE: TGP) is tomorrow, April 19, 2012. Owners of shares as of market close today will be eligible for a dividend of 68 cents per share. At a price of $40.10 as of 9:35 a.m. ET, the dividend yield is 6.8%.

The average volume for Teekay LNG Partners L.P has been 166,100 shares per day over the past 30 days. Teekay LNG Partners L.P has a market cap of $2.32 billion and is part of the services sector and transportation industry. Shares are up 20.2% year to date as of the close of trading on Tuesday.

Teekay LNG Partners L.P. provides marine transportation services for liquefied natural gas, liquefied petroleum gas, and crude oil worldwide. The company has a P/E ratio of 30.1, above the average transportation industry P/E ratio of 18.7 and above the S&P 500 P/E ratio of 17.7.

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

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