The ex-dividend date for Nicor (NYSE:GAS) is tomorrow, June 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 47 cents per share. At a price of $54.29 as of 9:31 a.m., the dividend yield is 3.4%.
NEW YORK ( TheStreet) -- The ex-dividend date for Nicor (NYSE: GAS) is tomorrow, June 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 47 cents per share. At a price of $54.29 as of 9:31 a.m. ET, the dividend yield is 3.4%. The average volume for Nicor has been 255,100 shares per day over the past 30 days. Nicor has a market cap of $2.5 billion and is part of the utilities sector and utilities industry. Shares are up 8.7% year to date as of the close of trading on Friday. Nicor Inc., through its subsidiaries, engages in natural gas distribution business in the United States. The company distributes natural gas to approximately 2.2 million residential, commercial, and industrial customers in northern Illinois. The company has a P/E ratio of 20.3, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Nicor as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Nicor Ratings Report. See our dividend calendar or top-yielding stocks list.