Energy Company Of Parana Stock To Go Ex-dividend Tomorrow (ELP)

NEW YORK ( TheStreet) -- The ex-dividend date for Energy Company of Parana (NYSE: ELP) is tomorrow, April 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $25.16 as of 9:30 a.m. ET, the dividend yield is 0.8%.

The average volume for Energy Company of Parana has been 535,600 shares per day over the past 30 days. Energy Company of Parana has a market cap of $6.71 billion and is part of the utilities sector and utilities industry. Shares are up 16.8% year to date as of the close of trading on Wednesday.

Companhia Paranaense de Energia Copel engages in the generation, transmission, distribution, and sale of electricity to industrial, residential, commercial, and rural customers primarily in the state of Parana, Brazil. The company has a P/E ratio of 19.8, above the average utilities industry P/E ratio of 10.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Energy Company of Parana as a buy. The company's strongest point has been its expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Energy Company of Parana Ratings Report.

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