CenterPoint Energy Stock To Go Ex-dividend Tomorrow (CNP)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for CenterPoint Energy (NYSE: CNP) is tomorrow, November 14, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $20.03 as of 9:30 a.m. ET, the dividend yield is 4%.

The average volume for CenterPoint Energy has been 2.8 million shares per day over the past 30 days. CenterPoint Energy has a market cap of $8.61 billion and is part of the utilities sector and utilities industry. Shares are up 0.3% year to date as of the close of trading on Monday.

CenterPoint Energy, Inc. operates as a public utility holding company. The company has a P/E ratio of 21.4, above the S&P 500 P/E ratio of 17.7.

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

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