PAA Natural Gas Storage L.P Stock To Go Ex-dividend Tomorrow (PNG)

NEW YORK ( TheStreet) -- The ex-dividend date for PAA Natural Gas Storage L.P (NYSE: PNG) is tomorrow, May 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $19 as of 9:30 a.m. ET, the dividend yield is 7.6%.

The average volume for PAA Natural Gas Storage L.P has been 156,700 shares per day over the past 30 days. PAA Natural Gas Storage L.P has a market cap of $1.12 billion and is part of the utilities sector and utilities industry. Shares are up 1.1% year to date as of the close of trading on Monday.

PAA Natural Gas Storage, L.P. engages in the development, acquisition, operation, and commercial management of natural gas storage facilities. As of December 31, 2011, it owned and operated three natural gas storage facilities located in Louisiana, Mississippi and Michigan. The company has a P/E ratio of 22.3, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates PAA Natural Gas Storage L.P as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, weak operating cash flow and poor profit margins. You can view the full PAA Natural Gas Storage L.P Ratings Report.

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