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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.