Spectra Energy Stock To Go Ex-dividend Tomorrow (SE)

NEW YORK ( TheStreet) -- The ex-dividend date for Spectra Energy (NYSE: SE) is tomorrow, August 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $29.87 as of 9:30 a.m. ET, the dividend yield is 3.8%.

The average volume for Spectra Energy has been 3.7 million shares per day over the past 30 days. Spectra Energy has a market cap of $19.39 billion and is part of the basic materials sector and energy industry. Shares are down 3.4% year to date as of the close of trading on Monday.

Spectra Energy Corp engages in the ownership and operation of a portfolio of natural gas-related energy assets in North America. The company's U.S. The company has a P/E ratio of 16.1, below the average energy industry P/E ratio of 18 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Spectra Energy as a buy. Among the primary strengths of the company is its 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 Spectra Energy Ratings Report.

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