NEW YORK ( TheStreet) -- The ex-dividend date for Centrais Ele. Brasileira S.A. Eletrobras (NYSE: EBR.B) is tomorrow, June 17, 2011. Owners of shares as of market close today will be eligible for a dividend of 85 cents per share. At a price of $17.61 as of 9:52 a.m. ET, the dividend yield is 5.1%. The average volume for Centrais Ele. Brasileira S.A. Eletrobras has been 187,300 shares per day over the past 30 days. Centrais Ele. Brasileira S.A. Eletrobras has a market cap of $24.1 billion and is part of the utilities sector and utilities industry. Shares are up 6.6% year to date as of the close of trading on Wednesday. Centrais Eletricas Brasileiras S.A. Eletrobras primarily engages in the generation, distribution, transmission, and commercialization of electric power; and construction and operation of nuclear power plants in Brazil.
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TheStreet Ratings rates Centrais Ele. Brasileira S.A. Eletrobras as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Centrais Ele. Brasileira S.A. Eletrobras Ratings Report. See our dividend calendar or top-yielding stocks list.