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

NEW YORK ( TheStreet) -- The ex-dividend date for TECO Energy (NYSE: TE) is tomorrow, February 11, 2014. Owners of shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $16.42 as of 11 a.m. ET, the dividend yield is 5.4%.

The average volume for TECO Energy has been 2.6 million shares per day over the past 30 days. TECO Energy has a market cap of $3.53 billion and is part of the utilities sector and utilities industry. Shares are down 5.4% year to date as of the close of trading on Friday.

TECO Energy, Inc., an electric and gas utility holding company, engages in the regulated electric and gas utility operations.

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TheStreet Ratings rates TECO Energy as a hold. Among the primary strengths of the company is its generally strong cash flow from operations. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and generally higher debt management risk. You can view the full TECO Energy Ratings Report.

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