Electrobras-Centrais Electricas Brasileiras Stock To Go Ex-dividend Tomorrow (EBR)

NEW YORK ( TheStreet) -- The ex-dividend date for Electrobras-Centrais Electricas Brasileiras (NYSE: EBR) is tomorrow, June 17, 2011. Owners of shares as of market close today will be eligible for a dividend of 43 cents per share. At a price of $13.48 as of 9:53 a.m. ET, the dividend yield is 1.4%.

The average volume for Electrobras-Centrais Electricas Brasileiras has been 946,800 shares per day over the past 30 days. Electrobras-Centrais Electricas Brasileiras has a market cap of $18.4 billion and is part of the utilities sector and utilities industry. Shares are down 1.7% 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 Electrobras-Centrais Electricas Brasileiras 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, attractive valuation levels, good cash flow from operations and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Electrobras-Centrais Electricas Brasileiras Ratings Report.

See our dividend calendar or top-yielding stocks list.

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