NEW YORK ( TheStreet) -- The ex-dividend date for Enbridge Energy Partners (NYSE: EEP) is tomorrow, May 3, 2012. Owners of shares as of market close today will be eligible for a dividend of 53 cents per share. At a price of $30.75 as of 9:30 a.m. ET, the dividend yield is 6.9%.

The average volume for Enbridge Energy has been 567,000 shares per day over the past 30 days. Enbridge Energy has a market cap of $7.36 billion and is part of the basic materials sector and energy industry. Shares are down 7.3% year to date as of the close of trading on Tuesday.

Enbridge Energy Partners, L.P. owns and operates crude oil and liquid petroleum transportation and storage assets, as well as natural gas gathering, treating, processing, transmission, and marketing assets in the United States. The company has a P/E ratio of 15.5, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Enbridge Energy as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, reasonable valuation levels, good cash flow from operations, notable return on equity and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Enbridge Energy Ratings Report.

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