Cheniere Energy Stock To Go Ex-dividend Tomorrow (CQP)

NEW YORK ( TheStreet) -- The ex-dividend date for Cheniere Energy Partners (AMEX: CQP) is tomorrow, April 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 43 cents per share. At a price of $26.05 as of 9:30 a.m. ET, the dividend yield is 6.8%.

The average volume for Cheniere Energy has been 283,700 shares per day over the past 30 days. Cheniere Energy has a market cap of $776 million and is part of the basic materials sector and energy industry. Shares are up 38.9% year to date as of the close of trading on Wednesday.

Cheniere Energy Partners, L.P., through its subsidiary, Sabine Pass LNG, L.P., owns and operates the Sabine Pass liquefied natural gas (LNG) terminal located in western Cameron Parish, Louisiana on the Sabine Pass Channel. The company has a P/E ratio of 83.4, above the average energy industry P/E ratio of 20.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cheniere Energy as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and weak operating cash flow. You can view the full Cheniere Energy Ratings Report.

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