NEW YORK (
) -- The ex-dividend date for
) is tomorrow, February 25, 2011. Owners of shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $33.25 as of 9:32 a.m. ET, the dividend yield is 3.3%.
The average volume for Northeast Utilities has been 1.4 million shares per day over the past 30 days. Northeast Utilities has a market cap of $5.9 billion and is part of the
industry. Shares are up 4.5% year to date as of the close of trading on Wednesday.
Northeast Utilities, a public utility holding company, engages in the energy delivery business for residential, commercial, and industrial customers in Connecticut, New Hampshire, and western Massachusetts. The company has a P/E ratio of 17.2, above the average utilities industry P/E ratio of 17.1 and below the S&P 500 P/E ratio of 22.7.
TheStreet Ratings rates Northeast Utilities as buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, good cash flow from operations, solid stock price performance and notable return on equity. 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