Laclede Group Stock To Go Ex-dividend Tomorrow (LG)

NEW YORK ( TheStreet) -- The ex-dividend date for Laclede Group (NYSE: LG) is tomorrow, December 8, 2011. Owners of shares as of market close today will be eligible for a dividend of 42 cents per share. At a price of $40.69 as of 9:30 a.m. ET, the dividend yield is 4.1%.

The average volume for Laclede Group has been 127,800 shares per day over the past 30 days. Laclede Group has a market cap of $904.8 million and is part of the utilities sector and utilities industry. Shares are up 11.1% year to date as of the close of trading on Tuesday.

The Laclede Group, Inc., through its subsidiaries, engages in the retail distribution, sale, and marketing of natural gas. It serves approximately 630,000 residential, commercial, and industrial customers in St. Louis and surrounding counties in eastern Missouri. The company has a P/E ratio of 14.1, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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

See our dividend calendar or top-yielding stocks list.

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