Companhia Paranaense De Energia Stock To Go Ex-dividend Tomorrow (ELP)
The ex-dividend date for Companhia Paranaense De Energia (NYSE:ELP) is tomorrow, August 19, 2011. Owners of shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $22.30 as of 10:13 a.m., the dividend yield is 0.8%.
NEW YORK ( TheStreet) -- The ex-dividend date for Companhia Paranaense De Energia (NYSE: ELP) is tomorrow, August 19, 2011. Owners of shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $22.30 as of 10:13 a.m. ET, the dividend yield is 0.8%. The average volume for Companhia Paranaense De Energia has been 573,800 shares per day over the past 30 days. Companhia Paranaense De Energia has a market cap of $6.2 billion and is part of the utilities sector and utilities industry. Shares are down 7.8% year to date as of the close of trading on Wednesday. Companhia Paranaense de Energia Copel engages in the generation, transmission, distribution, and sale of electricity for industrial, residential, commercial, and rural customers primarily in the State of Parana, Brazil. The company has a P/E ratio of 19.8, above the average utilities industry P/E ratio of 9.7 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Companhia Paranaense De Energia as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, compelling growth in net income and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Companhia Paranaense De Energia Ratings Report. See our dividend calendar or top-yielding stocks list.