CenterPoint Energy Stock To Go Ex-dividend Tomorrow (CNP)

NEW YORK (TheStreet) -- The ex-dividend date for CenterPoint Energy (NYSE:CNP) is tomorrow, August 14, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $21.07 as of 9:30 a.m. ET, the dividend yield is 3.9%.

The average volume for CenterPoint Energy has been 3.3 million shares per day over the past 30 days. CenterPoint Energy has a market cap of $9.02 billion and is part of the utilities sector and utilities industry. Shares are up 4.9% year to date as of the close of trading on Friday.

CenterPoint Energy, Inc. operates as a public utility holding company. The company has a P/E ratio of 11.8, above the average utilities industry P/E ratio of 6.6 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates CenterPoint Energy as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, increase in net income, notable return on equity, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full CenterPoint Energy Ratings Report.

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