NEW YORK ( TheStreet) -- The ex-dividend date for Buckeye Partners L.P (NYSE: BPL) is tomorrow, May 10, 2012. Owners of shares as of market close today will be eligible for a dividend of $1.04 per share. At a price of $52.93 as of 9:30 a.m. ET, the dividend yield is 7.8%.

The average volume for Buckeye Partners L.P has been 486,800 shares per day over the past 30 days. Buckeye Partners L.P has a market cap of $4.83 billion and is part of the basic materials sector and energy industry. Shares are down 16.8% year to date as of the close of trading on Tuesday.

Buckeye Partners, L.P. owns and operates refined petroleum products pipeline systems in the United States. Its Pipelines and Terminals segment transports refined petroleum products and provides bulk storage and terminal throughput services in the continental United States. The company has a P/E ratio of 56.3, above the average energy industry P/E ratio of 44.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Buckeye Partners L.P as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, good cash flow from operations, growth in earnings per share and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Buckeye Partners L.P Ratings Report.

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