CPFL Energy Stock To Go Ex-dividend Tomorrow (CPL)

NEW YORK ( TheStreet) -- The ex-dividend date for CPFL Energy (NYSE: CPL) is tomorrow, April 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 87 cents per share. At a price of $30.14 as of 9:30 a.m. ET, the dividend yield is 5.5%.

The average volume for CPFL Energy has been 392,300 shares per day over the past 30 days. CPFL Energy has a market cap of $9.86 billion and is part of the utilities sector and utilities industry. Shares are up 8.3% year to date as of the close of trading on Wednesday.

CPFL Energia S.A., through its subsidiaries, engages in the generation, distribution, and sale of electricity in Brazil. It generates electricity through hydroelectric, thermal, biomass, and wind power plants. The company has a P/E ratio of 23.9, above the average utilities industry P/E ratio of 12 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates CPFL Energy as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full CPFL Energy Ratings Report.

See our dividend calendar or top-yielding stocks list.
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