Regency Energy Stock To Go Ex-dividend Tomorrow (RGP)

NEW YORK ( TheStreet) -- The ex-dividend date for Regency Energy Partners (NYSE: RGP) is tomorrow, May 3, 2012. Owners of shares as of market close today will be eligible for a dividend of 46 cents per share. At a price of $25.14 as of 9:30 a.m. ET, the dividend yield is 7.3%.

The average volume for Regency Energy has been 696,400 shares per day over the past 30 days. Regency Energy has a market cap of $3.96 billion and is part of the basic materials sector and energy industry. Shares are up 1.3% year to date as of the close of trading on Tuesday.

Regency Energy Partners LP engages in gathering, treating, processing, compressing, and transporting natural gas and natural gas liquids (NGLs). The company has a P/E ratio of 18.2, below the average energy industry P/E ratio of 78.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Regency Energy as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, 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 Regency Energy Ratings Report.

See our dividend calendar or top-yielding stocks list.
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