AGL Stock To Go Ex-dividend Tomorrow (GAS)

NEW YORK ( TheStreet) -- The ex-dividend date for AGL Resources (NYSE: GAS) is tomorrow, May 16, 2012. Owners of shares as of market close today will be eligible for a dividend of 46 cents per share. At a price of $38.12 as of 9:30 a.m. ET, the dividend yield is 4.8%.

The average volume for AGL has been 565,100 shares per day over the past 30 days. AGL has a market cap of $4.52 billion and is part of the utilities sector and utilities industry. Shares are down 8.7% year to date as of the close of trading on Monday.

AGL Resources Inc., an energy services holding company, distributes natural gas in Illinois, Georgia, Virginia, New Jersey, Florida, Tennessee, and Maryland. The company has a P/E ratio of 23.5, equal to the average utilities industry P/E ratio and above 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 robust revenue growth, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full AGL Ratings Report.

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