NEW YORK ( TheStreet) -- The ex-dividend date for South Jersey Industries (NYSE: SJI) is tomorrow, September 7, 2011. Owners of shares as of market close today will be eligible for a dividend of 37 cents per share. At a price of $48.83 as of 9:35 a.m. ET, the dividend yield is 2.9%.

The average volume for South Jersey has been 159,700 shares per day over the past 30 days. South Jersey has a market cap of $1.5 billion and is part of the utilities sector and utilities industry. Shares are down 5.4% year to date as of the close of trading on Friday.

South Jersey Industries, Inc., through its subsidiaries, engages in the purchase, transmission, and sale of natural gas for residential, commercial, and industrial customers. The company has a P/E ratio of 17.5, below the average utilities industry P/E ratio of 17.8 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates South Jersey as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, increase in stock price during the past year and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full South Jersey Ratings Report.

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