NEW YORK ( TheStreet) -- The ex-dividend date for Northeast Utilities (NYSE: NU) is tomorrow, May 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $36.45 as of 9:30 a.m. ET, the dividend yield is 3.8%.

The average volume for Northeast Utilities has been 2.4 million shares per day over the past 30 days. Northeast Utilities has a market cap of $11.4 billion and is part of the utilities sector and utilities industry. Shares are up 0.8% year to date as of the close of trading on Friday.

Northeast Utilities, a public utility holding company, provides electric and natural gas energy delivery services to residential, commercial, and industrial customers in Connecticut, New Hampshire, and western Massachusetts. The company has a P/E ratio of 17, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Northeast Utilities as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Northeast Utilities Ratings Report.

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