DTE Energy Holding Stock To Go Ex-dividend Tomorrow (DTE)

NEW YORK ( TheStreet) -- The ex-dividend date for DTE Energy Holding Company (NYSE: DTE) is tomorrow, March 15, 2012. Owners of shares as of market close today will be eligible for a dividend of 59 cents per share. At a price of $56.51 as of 9:30 a.m. ET, the dividend yield is 4.2%.

The average volume for DTE Energy Holding has been one million shares per day over the past 30 days. DTE Energy Holding has a market cap of $8.96 billion and is part of the utilities sector and utilities industry. Shares are up 2.6% year to date as of the close of trading on Tuesday.

DTE Energy Company, together with its subsidiaries, operates as an electric and natural gas utility company in Michigan. The company's Energy Utility segment engages in the generation, purchase, distribution, and sale of electricity in southeastern Michigan. The company has a P/E ratio of 13.4, above the average utilities industry P/E ratio of 12.6 and below the S&P 500 P/E ratio of 17.7.

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

See our dividend calendar or top-yielding stocks list.

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