NEW YORK (

TheStreet

) -- The ex-dividend date for

Northeast Utilities

(NYSE:

NU

) is tomorrow, February 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 29 cents per share. At a price of $35.88 as of 9:35 a.m. ET, the dividend yield is 3.3%.

The average volume for Northeast Utilities has been 1.7 million shares per day over the past 30 days. Northeast Utilities has a market cap of $6.12 billion and is part of the

utilities

sector and

utilities

industry. Shares are down 0.6% year to date as of the close of trading on Friday.

Northeast Utilities, a public utility holding company, provides electric and natural gas energy delivery services to residential, commercial, and industrial customers in Connecticut, New Hampshire, and western Massachusetts. The company has a P/E ratio of 15.5, above the average utilities industry P/E ratio of 14.9 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Northeast Utilities as a

buy

. Among the primary strengths of the company is its solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Northeast Utilities Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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