The ex-dividend date for NV Energy (NYSE:NVE) is tomorrow, May 31, 2013. Owners of shares as of market close today will be eligible for a dividend of 19 cents per share. At a price of $23.67 as of 9:30 a.m., the dividend yield is 3.8%.
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 NV Energy (NYSE: NVE) is tomorrow, May 31, 2013. Owners of shares as of market close today will be eligible for a dividend of 19 cents per share. At a price of $23.67 as of 9:30 a.m. ET, the dividend yield is 3.8%. The average volume for NV Energy has been 2.4 million shares per day over the past 30 days. NV Energy has a market cap of $4.65 billion and is part of the utilities sector and utilities industry. Shares are up 8.9% year to date as of the close of trading on Wednesday. NV Energy, Inc., together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electric energy in Nevada. The company generates electricity from its gas, oil, and coal generating units. It also delivers natural gas service. The company has a P/E ratio of 14.2, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates NV Energy as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, reasonable valuation levels, good cash flow from operations, notable return on equity and increase in stock price during the past year. 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 NV Energy Ratings Report. See our dividend calendar or top-yielding stocks list. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.