OGE Energy Stock To Go Ex-dividend Tomorrow (OGE)

NEW YORK ( TheStreet) -- The ex-dividend date for OGE Energy (NYSE: OGE) is tomorrow, January 6, 2012. Owners of shares as of market close today will be eligible for a dividend of 39 cents per share. At a price of $55.85 as of 9:30 a.m. ET, the dividend yield is 2.8%.

The average volume for OGE Energy has been 445,100 shares per day over the past 30 days. OGE Energy has a market cap of $5.46 billion and is part of the utilities sector and utilities industry. Shares are down 1.4% year to date as of the close of trading on Wednesday.

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity and natural gas primarily in the south central United States. The company has a P/E ratio of 16.4, above the average utilities industry P/E ratio of 8.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates OGE Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full OGE Energy Ratings Report.

See our dividend calendar or top-yielding stocks list.

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