NEW YORK ( TheStreet) -- The ex-dividend date for OGE Energy (NYSE: OGE) is tomorrow, July 6, 2011. Owners of shares as of market close today will be eligible for a dividend of 38 cents per share. At a price of $51.05 as of 9:32 a.m. ET, the dividend yield is 2.9%.

The average volume for OGE Energy has been 457,600 shares per day over the past 30 days. OGE Energy has a market cap of $5 billion and is part of the utilities sector and utilities industry. Shares are up 12.1% year to date as of the close of trading on Friday.

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity and natural gas primarily in the south central United States. The company has a P/E ratio of 17.1, above the average utilities industry P/E ratio of 8.5 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates OGE Energy as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, reasonable valuation levels and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full OGE Energy Ratings Report.

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