TECO Energy Stock To Go Ex-dividend Tomorrow (TE)

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 TECO Energy (NYSE: TE) is tomorrow, May 9, 2013. Owners of shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $19.07 as of 9:30 a.m. ET, the dividend yield is 4.7%.

The average volume for TECO Energy has been 1.8 million shares per day over the past 30 days. TECO Energy has a market cap of $4.09 billion and is part of the utilities sector and utilities industry. Shares are up 13.7% year to date as of the close of trading on Tuesday.

TECO Energy, Inc., an electric and gas utility holding company, engages in the regulated electric and gas utility operations. The company has a P/E ratio of 16.6, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates TECO Energy as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full TECO Energy Ratings Report.

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