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, May 3, 2013. Owners of shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $46.56 as of 9:30 a.m. ET, the dividend yield is 4.7%.

The average volume for FirstEnergy has been 3.3 million shares per day over the past 30 days. FirstEnergy has a market cap of $19.49 billion and is part of the utilities sector and utilities industry. Shares are up 10.8% year to date as of the close of trading on Wednesday.

FirstEnergy Corp., a diversified energy holding company, engages in the generation, transmission, and distribution of electricity in the United States. The company operates in Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. The company has a P/E ratio of 25.3, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates FirstEnergy as a buy. Among the primary strengths of the company is its generally strong cash flow from operations. 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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