Spectra Energy Stock To Go Ex-dividend Tomorrow (SEP)

NEW YORK ( TheStreet) -- The ex-dividend date for Spectra Energy Partners (NYSE: SEP) is tomorrow, May 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 48 cents per share. At a price of $32.52 as of 9:30 a.m. ET, the dividend yield is 5.9%.

The average volume for Spectra Energy has been 112,000 shares per day over the past 30 days. Spectra Energy has a market cap of $3.11 billion and is part of the basic materials sector and energy industry. Shares are up 1.6% year to date as of the close of trading on Monday.

Spectra Energy Partners, LP operates as an investment arm of Spectra Energy Corp. The company has a P/E ratio of 19.8, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Spectra Energy as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, expanding profit margins, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Spectra Energy Ratings Report.

See our dividend calendar or top-yielding stocks list.
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