NEW YORK ( TheStreet) -- The ex-dividend date for Piedmont Natural Gas Company (NYSE: PNY) is tomorrow, December 22, 2011. Owners of shares as of market close today will be eligible for a dividend of 29 cents per share. At a price of $33.96 as of 9:30 a.m. ET, the dividend yield is 3.5%.

The average volume for Piedmont Natural Gas has been 375,300 shares per day over the past 30 days. Piedmont Natural Gas has a market cap of $2.38 billion and is part of the utilities sector and utilities industry. Shares are up 21.6% year to date as of the close of trading on Tuesday.

Piedmont Natural Gas Company, Inc., an energy services company, distributes natural gas to residential, commercial, industrial, and power generation customers in portions of North Carolina, South Carolina, and Tennessee. The company has a P/E ratio of 20.9, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Piedmont Natural Gas as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Piedmont Natural Gas Ratings Report.

See our dividend calendar or top-yielding stocks list.
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