Companhia Paranaense De Energia Stock To Go Ex-dividend Tomorrow (ELP)

NEW YORK (TheStreet) -- The ex-dividend date for Companhia Paranaense De Energia (NYSE:ELP) is tomorrow, April 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 41 cents per share. At a price of $27.32 as of 9:32 a.m. ET, the dividend yield is 0.7%.

The average volume for Companhia Paranaense De Energia has been 479,400 shares per day over the past 30 days. Companhia Paranaense De Energia has a market cap of $7.7 billion and is part of the utilities sector and utilities industry. Shares are up 9.9% year to date as of the close of trading on Wednesday.

Companhia Paranaense de Energia Copel engages in the generation, transmission, distribution, and sale of electricity for industrial, residential, commercial, and rural customers primarily in the State of Parana, Brazil. The company has a P/E ratio of 19.8, above the average utilities industry P/E ratio of 12.9 and above the S&P 500 P/E ratio of 16.9.

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TheStreet Ratings rates Companhia Paranaense De Energia as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, solid stock price performance and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Companhia Paranaense De Energia Ratings Report.

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