Wisconsin Energy Stock To Go Ex-dividend Tomorrow (WEC)

NEW YORK ( TheStreet) -- The ex-dividend date for Wisconsin Energy Corporation (NYSE: WEC) is tomorrow, August 10, 2012. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $39.68 as of 9:30 a.m. ET, the dividend yield is 3%.

The average volume for Wisconsin Energy has been 1.5 million shares per day over the past 30 days. Wisconsin Energy has a market cap of $9.18 billion and is part of the utilities sector and utilities industry. Shares are up 13.6% year to date as of the close of trading on Wednesday.

Wisconsin Energy Corporation generates and distributes electric energy, as well as distributes natural gas. It generates electricity from coal, natural gas, wind, and hydro sources. The company has a P/E ratio of 17.4, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Wisconsin Energy as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, notable return on equity and good cash flow from operations. 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 Wisconsin Energy Ratings Report.

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