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, May 14, 2013. Owners of shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $24.08 as of 9:30 a.m. ET, the dividend yield is 3.4%.

The average volume for CenterPoint Energy has been 3.6 million shares per day over the past 30 days. CenterPoint Energy has a market cap of $10.32 billion and is part of the utilities sector and utilities industry. Shares are up 25.1% year to date as of the close of trading on Friday.

CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The company has a P/E ratio of 24.8, 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 revenue growth, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full CenterPoint Energy Ratings Report.

See our dividend calendar or top-yielding stocks list.

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