AGL Stock To Go Ex-dividend Tomorrow (GAS)

NEW YORK ( TheStreet) -- The ex-dividend date for AGL Resources (NYSE: GAS) is tomorrow, February 15, 2012. Owners of shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $41.19 as of 9:30 a.m. ET, the dividend yield is 4.3%.

The average volume for AGL has been 1.1 million shares per day over the past 30 days. AGL has a market cap of $4.84 billion and is part of the utilities sector and utilities industry. Shares are down 2.5% year to date as of the close of trading on Monday.

AGL Resources Inc., an energy services holding company, distributes natural gas in Florida, Georgia, Maryland, New Jersey, Tennessee, and Virginia. It operates through four segments: Distribution Operations, Retail Energy Operations, Wholesale Services, and Energy Investments. The company has a P/E ratio of 0.5, below the average utilities industry P/E ratio of 16 and below the S&P 500 P/E ratio of 17.7.

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

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