El Paso Pipeline Stock To Go Ex-dividend Tomorrow (EPB)

NEW YORK ( TheStreet) -- The ex-dividend date for El Paso Pipeline Partners (NYSE: EPB) is tomorrow, April 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 51 cents per share. At a price of $34.26 as of 9:30 a.m. ET, the dividend yield is 5.9%.

The average volume for El Paso Pipeline has been 386,800 shares per day over the past 30 days. El Paso Pipeline has a market cap of $7.06 billion and is part of the basic materials sector and energy industry. Shares are down 1.2% year to date as of the close of trading on Wednesday.

El Paso Pipeline Partners, L.P. engages in the interstate storage and transportation of natural gas in the United States. The company owns 100% interest in Wyoming Interstate Company, L.L.C. The company has a P/E ratio of 16.9, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates El Paso Pipeline as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full El Paso Pipeline Ratings Report.

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