NEW YORK (

TheStreet

) -- The ex-dividend date for

Empire District Electric

(NYSE:

EDE

) is tomorrow, February 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $20.75 as of 9:30 a.m. ET, the dividend yield is 4.8%.

The average volume for Empire District Electric has been 222,000 shares per day over the past 30 days. Empire District Electric has a market cap of $844.6 million and is part of the

utilities

sector and

utilities

industry. Shares are down 1.4% year to date as of the close of trading on Friday.

The Empire District Electric Company, together with its subsidiaries, engages in the generation, purchase, transmission, distribution, and sale of electricity in Missouri, Kansas, Oklahoma, and Arkansas. The company has a P/E ratio of 15.8, above the average utilities industry P/E ratio of 15.4 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Empire District Electric as a

buy

. The company's strengths can be seen in multiple areas, such as its growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full

Empire District Electric Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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