New Jersey Stock To Go Ex-dividend Tomorrow (NJR)

NEW YORK (TheStreet) -- The ex-dividend date for New Jersey Resources Corporation (NYSE:NJR) is tomorrow, June 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 38 cents per share. At a price of $43.11 as of 9:59 a.m. ET, the dividend yield is 3.6%.

The average volume for New Jersey has been 250,800 shares per day over the past 30 days. New Jersey has a market cap of $1.81 billion and is part of the utilities sector and utilities industry. Shares are down 14.9% year to date as of the close of trading on Monday.

New Jersey Resources Corporation, an energy services holding company, provides retail and wholesale energy services. The company has a P/E ratio of 14.6, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates New Jersey as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full New Jersey Ratings Report.

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