Western Gas Stock To Go Ex-dividend Tomorrow (WES)
The ex-dividend date for Western Gas Partners (NYSE:WES) is tomorrow, April 26, 2012. Owners of shares as of market close today will be eligible for a dividend of 46 cents per share. At a price of $46.12 as of 9:30 a.m., the dividend yield is 4%.
NEW YORK ( TheStreet) -- The ex-dividend date for Western Gas Partners (NYSE: WES) is tomorrow, April 26, 2012. Owners of shares as of market close today will be eligible for a dividend of 46 cents per share. At a price of $46.12 as of 9:30 a.m. ET, the dividend yield is 4%. The average volume for Western Gas has been 208,900 shares per day over the past 30 days. Western Gas has a market cap of $4.17 billion and is part of the basic materials sector and energy industry. Shares are up 11% year to date as of the close of trading on Tuesday. Western Gas Partners, LP, together with its subsidiaries, engages in the acquisition, ownership, development, and operation of midstream energy assets in east and west Texas, the Rocky Mountains, and the Mid-Continent. The company has a P/E ratio of 28, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Western Gas as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Western Gas Ratings Report. See our dividend calendar or top-yielding stocks list.