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 Northeast Utilities (NYSE: NU) is tomorrow, May 29, 2013. Owners of shares as of market close today will be eligible for a dividend of 37 cents per share. At a price of $42.88 as of 9:31 a.m. ET, the dividend yield is 3.4%. The average volume for Northeast Utilities has been 1.3 million shares per day over the past 30 days. Northeast Utilities has a market cap of $13.48 billion and is part of the utilities sector and utilities industry. Shares are up 9.6% year to date as of the close of trading on Friday. Northeast Utilities, a public utility company, through its subsidiaries, engages in the energy delivery business. It operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Other. The company has a P/E ratio of 20.9, above the S&P 500 P/E ratio of 17.7.
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