NEW YORK ( TheStreet) -- The ex-dividend date for Public Service Enterprise Group Inc (NYSE: PEG) is tomorrow, December 7, 2011. Owners of shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $32.54 as of 9:35 a.m. ET, the dividend yield is 4.2%. The average volume for Public Service Enterprise Group has been 3.4 million shares per day over the past 30 days. Public Service Enterprise Group has a market cap of $16.35 billion and is part of the utilities sector and utilities industry. Shares are up 2.4% year to date as of the close of trading on Monday. Public Service Enterprise Group Incorporated, through its subsidiaries, operates in the energy industry primarily in the northeastern and mid Atlantic United States. The company has a P/E ratio of 12.3, below the average utilities industry P/E ratio of 12.4 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Public Service Enterprise Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Public Service Enterprise Group Ratings Report. See our dividend calendar or top-yielding stocks list.