Atlas Pipeline Stock To Go Ex-dividend Tomorrow (APL)
The ex-dividend date for Atlas Pipeline Partners (NYSE:APL) is tomorrow, May 4, 2012. Owners of shares as of market close today will be eligible for a dividend of 56 cents per share. At a price of $35.56 as of 9:30 a.m., the dividend yield is 6.3%.
NEW YORK ( TheStreet) -- The ex-dividend date for Atlas Pipeline Partners (NYSE: APL) is tomorrow, May 4, 2012. Owners of shares as of market close today will be eligible for a dividend of 56 cents per share. At a price of $35.56 as of 9:30 a.m. ET, the dividend yield is 6.3%. The average volume for Atlas Pipeline has been 355,000 shares per day over the past 30 days. Atlas Pipeline has a market cap of $1.9 billion and is part of the basic materials sector and energy industry. Shares are down 4.5% year to date as of the close of trading on Wednesday. Atlas Pipeline Partners, L.P. engages in gathering and processing natural gas in the Mid-Continent and Appalachia regions; and transporting natural gas liquids (NGL) in the Mid-Continent region. The company has a P/E ratio of 6.8, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Atlas Pipeline as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels, good cash flow from operations, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Atlas Pipeline Ratings Report. See our dividend calendar or top-yielding stocks list.