NEW YORK ( TheStreet) -- The ex-dividend date for New Jersey Resources Corporation (NYSE: NJR) is tomorrow, September 13, 2011. Owners of shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $44.06 as of 9:30 a.m. ET, the dividend yield is 3.1%.

The average volume for New Jersey has been 198,800 shares per day over the past 30 days. New Jersey has a market cap of $1.9 billion and is part of the utilities sector and utilities industry. Shares are up 3.5% year to date as of the close of trading on Friday.

New Jersey Resources Corporation provides retail and wholesale energy services. It operates in two segments, Natural Gas Distribution and Energy Services. The company has a P/E ratio of 17.4, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates New Jersey as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, robust revenue growth, solid stock price performance, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full New Jersey Ratings Report.

See our dividend calendar or top-yielding stocks list.
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