Boardwalk Pipeline Stock To Go Ex-dividend Tomorrow (BWP)

NEW YORK ( TheStreet) -- The ex-dividend date for Boardwalk Pipeline Partners (NYSE: BWP) is tomorrow, May 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 53 cents per share. At a price of $27.95 as of 9:30 a.m. ET, the dividend yield is 7.7%.

The average volume for Boardwalk Pipeline has been 384,100 shares per day over the past 30 days. Boardwalk Pipeline has a market cap of $5.11 billion and is part of the basic materials sector and energy industry. Shares are down 0% year to date as of the close of trading on Friday.

Boardwalk Pipeline Partners, LP, through its subsidiaries, engages in the ownership and operation of integrated natural gas pipelines and storage systems in the United States. The company has a P/E ratio of 25.1, below the average energy industry P/E ratio of 25.4 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Boardwalk Pipeline as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins 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 Boardwalk Pipeline Ratings Report.

See our dividend calendar or top-yielding stocks list.
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