NV Energy Stock To Go Ex-dividend Tomorrow (NVE)

NEW YORK ( TheStreet) -- The ex-dividend date for NV Energy (NYSE: NVE) is tomorrow, June 1, 2012. Owners of shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $17.15 as of 9:30 a.m. ET, the dividend yield is 4%.

The average volume for NV Energy has been 2.2 million shares per day over the past 30 days. NV Energy has a market cap of $4.07 billion and is part of the utilities sector and utilities industry. Shares are up 5.5% year to date as of the close of trading on Wednesday.

NV Energy, Inc., together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electric energy in Nevada. The company generates electricity from its gas, oil, and coal generating units. It also delivers natural gas service. The company has a P/E ratio of 23.6, below the average utilities industry P/E ratio of 24 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates NV Energy as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full NV Energy Ratings Report.

See our dividend calendar or top-yielding stocks list.
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