Empire District Electric Stock To Go Ex-dividend Tomorrow (EDE)

NEW YORK ( TheStreet) -- The ex-dividend date for Empire District Electric (NYSE: EDE) is tomorrow, May 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $20.60 as of 9:30 a.m. ET, the dividend yield is 4.9%.

The average volume for Empire District Electric has been 200,500 shares per day over the past 30 days. Empire District Electric has a market cap of $864.2 million and is part of the utilities sector and utilities industry. Shares are down 2.8% year to date as of the close of trading on Friday.

The Empire District Electric Company, together with its subsidiaries, engages in the generation, purchase, transmission, distribution, and sale of electricity in Missouri, Kansas, Oklahoma, and Arkansas. The company has a P/E ratio of 16.4, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Empire District Electric as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Empire District Electric Ratings Report.

See our dividend calendar or top-yielding stocks list.

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