NEW YORK ( TheStreet) -- The ex-dividend date for Constellation Energy Group Inc (NYSE: CEG) is tomorrow, December 8, 2011. Owners of shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $39.67 as of 9:30 a.m. ET, the dividend yield is 2.4%.

The average volume for Constellation Energy Group has been 2.2 million shares per day over the past 30 days. Constellation Energy Group has a market cap of $8.01 billion and is part of the utilities sector and utilities industry. Shares are up 30.2% year to date as of the close of trading on Tuesday.

Constellation Energy Group, Inc. operates as an energy company in the United States and Canada. The company develops, owns, operates, and maintains fossil and renewable generating facilities. The company has a P/E ratio of 19.9, below the average utilities industry P/E ratio of 20 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Constellation Energy Group as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Constellation Energy Group Ratings Report.

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