CPFL Energy Stock To Go Ex-dividend Tomorrow (CPL)
The ex-dividend date for CPFL Energy (NYSE:CPL) is tomorrow, August 18, 2011. Owners of shares as of market close today will be eligible for a dividend of 95 cents per share. At a price of $26.93 as of 9:32 a.m., the dividend yield is 6.1%.
NEW YORK ( TheStreet) -- The ex-dividend date for CPFL Energy (NYSE: CPL) is tomorrow, August 18, 2011. Owners of shares as of market close today will be eligible for a dividend of 95 cents per share. At a price of $26.93 as of 9:32 a.m. ET, the dividend yield is 6.1%. The average volume for CPFL Energy has been 481,700 shares per day over the past 30 days. CPFL Energy has a market cap of $8.4 billion and is part of the utilities sector and utilities industry. Shares are up 3.8% year to date as of the close of trading on Tuesday. CPFL Energia S.A., through its subsidiaries, engages in the generation, distribution, and sale of electricity in Brazil. It generates electricity through hydroelectric, thermal, biomass, and wind power plants. The company has a P/E ratio of 13.6, above the average utilities industry P/E ratio of 13 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates CPFL Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, good cash flow from operations, increase in stock price during the past year and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full CPFL Energy Ratings Report. See our dividend calendar or top-yielding stocks list.