New Jersey Stock To Go Ex-dividend Tomorrow (NJR)

NEW YORK ( TheStreet) -- The ex-dividend date for New Jersey Resources Corporation (NYSE: NJR) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 38 cents per share. At a price of $45.56 as of 9:30 a.m. ET, the dividend yield is 3.3%.

The average volume for New Jersey has been 193,900 shares per day over the past 30 days. New Jersey has a market cap of $1.99 billion and is part of the utilities sector and utilities industry. Shares are down 7.4% year to date as of the close of trading on Friday.

New Jersey Resources Corporation, an energy services holding company, provides retail and wholesale energy services. The company has a P/E ratio of 14.2, below the average utilities industry P/E ratio of 19.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates New Jersey as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, notable return on equity, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full New Jersey Ratings Report.

See our dividend calendar or top-yielding stocks list.
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