NEW YORK (
) -- The ex-dividend date for
Southwest Gas Corporation
) is tomorrow, February 11, 2011. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $37.93 as of 9:31 a.m. ET, the dividend yield is 2.6%. The average volume for Southwest Gas has been 168,600 shares per day over the past 30 days. Southwest Gas has a market cap of $1.7 billion and is part of the
industry. Shares are up 3.5% year to date as of the close of trading on Wednesday.
Southwest Gas Corporation engages in the purchase, distribution, and transportation of natural gas in portions of Arizona, Nevada, and California. The company has a P/E ratio of 16.4, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 23.5.
TheStreet Ratings rates Southwest Gas as buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full