AmeriGas Stock To Go Ex-dividend Tomorrow (APU)

NEW YORK ( TheStreet) -- The ex-dividend date for AmeriGas Partners (NYSE: APU) is tomorrow, May 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 80 cents per share. At a price of $40.60 as of 9:35 a.m. ET, the dividend yield is 7.9%.

The average volume for AmeriGas has been 330,300 shares per day over the past 30 days. AmeriGas has a market cap of $3.75 billion and is part of the utilities sector and utilities industry. Shares are down 11.6% year to date as of the close of trading on Friday.

AmeriGas Partners, L.P., through its subsidiary, AmeriGas Propane, L.P., operates as a retail and wholesale distributor of propane gas in the United States. The company has a P/E ratio of 21.1, below the average utilities industry P/E ratio of 31.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates AmeriGas as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full AmeriGas Ratings Report.

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