FirstEnergy Stock To Go Ex-dividend Tomorrow (FE)

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 FirstEnergy (NYSE: FE) is tomorrow, February 5, 2013. Owners of shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $40.22 as of 9:30 a.m. ET, the dividend yield is 5.4%.

The average volume for FirstEnergy has been three million shares per day over the past 30 days. FirstEnergy has a market cap of $16.93 billion and is part of the utilities sector and utilities industry. Shares are down 3% year to date as of the close of trading on Friday.

FirstEnergy Corp. operates as a diversified energy company. The company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It owns and operates fossil, hydroelectric, and nuclear generating facilities, as well as wind and solar facilities. The company has a P/E ratio of 16.9, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates FirstEnergy as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full FirstEnergy Ratings Report.

See our dividend calendar or top-yielding stocks list.

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