Inergy L.P Stock To Go Ex-dividend Tomorrow (NRGY)

NEW YORK ( TheStreet) -- The ex-dividend date for Inergy L.P (NYSE: NRGY) is tomorrow, May 4, 2012. Owners of shares as of market close today will be eligible for a dividend of 38 cents per share. At a price of $19.06 as of 9:30 a.m. ET, the dividend yield is 7.8%.

The average volume for Inergy L.P has been one million shares per day over the past 30 days. Inergy L.P has a market cap of $2.42 billion and is part of the utilities sector and utilities industry. Shares are down 21.9% year to date as of the close of trading on Wednesday.

Inergy, L.P. engages in the retail marketing, sale, and distribution of propane to residential, commercial, industrial, and agricultural customers in the United States.

TheStreet Ratings rates Inergy L.P as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and good cash flow from operations. 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 generally poor debt management. You can view the full Inergy L.P Ratings Report.

See our dividend calendar or top-yielding stocks list.