This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Sales And Gross Profit Numbers Through 2011 Are Based On Audited Financial Statements. EBITDA Numbers Reflect Actual Unaudited Results. CAGR For 2005-2012, Except For EBITDA Which Covers 2006-2012.

Stock quotes in this article: MVC

U.S. Gas & Electric, Inc. (“USG&E”), a leading provider of natural gas and electricity to residential and small commercial customers in a growing number of states, announced today that its board of directors declared a $4.0 million dividend, to be distributed to its shareholders, for the second consecutive quarter.

Sales and Gross Profit numbers through 2011 are based on audited financial statements. EBITDA number ...

Sales and Gross Profit numbers through 2011 are based on audited financial statements. EBITDA numbers reflect actual unaudited results. CAGR for 2005-2012, except for EBITDA which covers 2006-2012.

The dividend is attributable to the Company’s underlying operating performance which has enabled it to consistently generate strong cash flows and pay down debt. USG&E’s commitment to its customers has enabled it to grow its customer base from less than 3,000 customers in 2005 to more than 250,000 customers at the end of 2012, allowing customer savings of over $41 million to date. USG&E anticipates EBITDA of $32 million for full year 2012.

USG&E has been recognized by Inc. Magazine’s prestigious 500/5000 list as one of the “Fastest-Growing Private Companies in America” for four consecutive years. In 2012, USG&E was also honored as the “Emerging Company of the Year” by the Association for Corporate Growth (“ACG”) and won the Greater Miami Chamber of Commerce’s “Good to Great” award, spotlighting companies who have achieved greatness in their mission and established themselves as industry leaders. USG&E has also been recognized as one of “The Best Places to Work” in South Florida by the South Florida Business Journal and Florida Trend magazine.

“We are pleased to announce a second consecutive quarterly dividend to our shareholders and anticipate that with the continuation of earnings and free cash flow momentum, USG&E should be in a position to issue more regular dividends in the future,” stated Puneet Sanan, Chairman of USG&E. “These results reflect continued execution by USG&E’s management team who have consistently generated strong operating results, built solid relationships with suppliers and customers, and continued to grow and foster its team.”

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,804.71 -238.19 -1.40%
S&P 500 1,946.16 -26.13 -1.32%
NASDAQ 4,422.0850 -71.3050 -1.59%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs