South Jersey Stock To Go Ex-dividend Tomorrow (SJI)

NEW YORK ( TheStreet) -- The ex-dividend date for South Jersey Industries (NYSE: SJI) is tomorrow, June 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $49.57 as of 9:30 a.m. ET, the dividend yield is 3.4%.

The average volume for South Jersey has been 129,800 shares per day over the past 30 days. South Jersey has a market cap of $1.49 billion and is part of the utilities sector and utilities industry. Shares are down 13.3% year to date as of the close of trading on Tuesday.

South Jersey Industries, Inc., through its subsidiaries, engages in the purchase, transmission, and sale of natural gas for residential, commercial, and industrial customers. The company has a P/E ratio of 16.1, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates South Jersey as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full South Jersey Ratings Report.

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