NEW YORK ( TheStreet) -- The ex-dividend date for Progress Energy (NYSE: PGN) is tomorrow, May 16, 2012. Owners of shares as of market close today will be eligible for a dividend of 62 cents per share. At a price of $54.75 as of 9:30 a.m. ET, the dividend yield is 4.5%. The average volume for Progress Energy has been 2.3 million shares per day over the past 30 days. Progress Energy has a market cap of $16.27 billion and is part of the utilities sector and utilities industry. Shares are down 2.1% year to date as of the close of trading on Monday. Progress Energy, Inc., a utility holding company, engages in the generation, transmission, distribution, and sale of electricity in North Carolina, South Carolina, and Florida. The company has a P/E ratio of 30.5, above the average utilities industry P/E ratio of 30 and above the S&P 500 P/E ratio of 17.7.
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