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

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 Spectra Energy (NYSE: SE) is tomorrow, May 8, 2013. Owners of shares as of market close today will be eligible for a dividend of 31 cents per share. At a price of $31.01 as of 9:31 a.m. ET, the dividend yield is 3.9%.

The average volume for Spectra Energy has been 4.8 million shares per day over the past 30 days. Spectra Energy has a market cap of $20.7 billion and is part of the basic materials sector and energy industry. Shares are up 13% year to date as of the close of trading on Monday.

Spectra Energy Corp, through its subsidiaries, owns and operates a portfolio of natural gas-related energy assets in North America. The company's U.S. The company has a P/E ratio of 21.9, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Spectra Energy as a buy. Among the primary strengths of the company is its expanding profit margins over time. 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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