NEW YORK ( TheStreet) -- The ex-dividend date for OGE Energy (NYSE: OGE) is tomorrow, October 5, 2011. Owners of shares as of market close today will be eligible for a dividend of 38 cents per share. At a price of $46.69 as of 9:31 a.m. ET, the dividend yield is 3.1%.

The average volume for OGE Energy has been 598,400 shares per day over the past 30 days. OGE Energy has a market cap of $4.7 billion and is part of the utilities sector and utilities industry. Shares are up 3.7% year to date as of the close of trading on Monday.

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 14.7, above the average utilities industry P/E ratio of 7.6 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 revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full OGE Energy Ratings Report.

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