TransCanada Stock To Go Ex-dividend Tomorrow (TRP)

NEW YORK ( TheStreet) -- The ex-dividend date for TransCanada (NYSE: TRP) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $40.79 as of 10 a.m. ET, the dividend yield is 4.3%.

The average volume for TransCanada has been 489,700 shares per day over the past 30 days. TransCanada has a market cap of $29.17 billion and is part of the utilities sector and utilities industry. Shares are down 5.1% year to date as of the close of trading on Monday.

Transcanada Corporation operates as an energy infrastructure company in North America. The company operates in three segments: Natural Gas Pipelines, Oil Pipelines, and Energy. The company has a P/E ratio of 19.8, above the average utilities industry P/E ratio of 19.7 and above the S&P 500 P/E ratio of 17.7.

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

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