Kinder Morgan Energy Stock To Go Ex-dividend Tomorrow (KMP)

NEW YORK ( TheStreet) -- The ex-dividend date for Kinder Morgan Energy Partners (NYSE: KMP) is tomorrow, April 26, 2012. Owners of shares as of market close today will be eligible for a dividend of $1.20 per share. At a price of $85.04 as of 9:30 a.m. ET, the dividend yield is 5.7%.

The average volume for Kinder Morgan Energy has been 698,200 shares per day over the past 30 days. Kinder Morgan Energy has a market cap of $19.72 billion and is part of the basic materials sector and energy industry. Shares are down 0.3% year to date as of the close of trading on Tuesday.

Kinder Morgan Energy Partners, L.P. operates as a pipeline transportation and energy storage company in North America. The company has a P/E ratio of 124.6, below the average energy industry P/E ratio of 338.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Kinder Morgan Energy as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Kinder Morgan Energy Ratings Report.

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