Atmos Energy Stock To Go Ex-dividend Tomorrow (ATO)

NEW YORK ( TheStreet) -- The ex-dividend date for Atmos Energy (NYSE: ATO) is tomorrow, May 23, 2012. Owners of shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $32.79 as of 9:30 a.m. ET, the dividend yield is 4.2%.

The average volume for Atmos Energy has been 475,800 shares per day over the past 30 days. Atmos Energy has a market cap of $2.94 billion and is part of the utilities sector and utilities industry. Shares are down 1.8% year to date as of the close of trading on Monday.

Atmos Energy Corporation, together with its subsidiaries, engages in the distribution, transmission, and storage of natural gas in the United States. It operates in three segments: Natural Gas Distribution, Regulated Transmission and Storage, and Non Regulated. The company has a P/E ratio of 17.5, above the average utilities industry P/E ratio of 16.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Atmos Energy as a buy. Among the primary strengths of the company is its attractive valuation levels, considering its current price compared to earnings, book value and other measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Atmos Energy Ratings Report.

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