NEW YORK ( TheStreet) -- The ex-dividend date for South Jersey Industries (NYSE: SJI) is tomorrow, December 7, 2011. Owners of shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $55.41 as of 9:34 a.m. ET, the dividend yield is 2.9%.

The average volume for South Jersey has been 131,900 shares per day over the past 30 days. South Jersey has a market cap of $1.65 billion and is part of the utilities sector and utilities industry. Shares are up 4.7% year to date as of the close of trading on Monday.

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 20.7, below the average utilities industry P/E ratio of 21.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates South Jersey as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity and solid stock price performance. 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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