Enterprise Stock To Go Ex-dividend Tomorrow (EPD)

NEW YORK ( TheStreet) -- The ex-dividend date for Enterprise Products Partners (NYSE: EPD) is tomorrow, April 26, 2012. Owners of shares as of market close today will be eligible for a dividend of 63 cents per share. At a price of $52.40 as of 9:30 a.m. ET, the dividend yield is 4.8%.

The average volume for Enterprise has been 1.2 million shares per day over the past 30 days. Enterprise has a market cap of $46 billion and is part of the basic materials sector and energy industry. Shares are up 12.8% year to date as of the close of trading on Tuesday.

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, refined products, and petrochemicals in the United States, Canada, and Gulf of Mexico. The company has a P/E ratio of 21.9, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Enterprise as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Enterprise Ratings Report.

See our dividend calendar or top-yielding stocks list.

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