El Paso Electric Company ( EE ) will begin trading ex-dividend on June 11, 2013. A cash dividend payment of $0.265 per share is scheduled to be paid on June 28, 2013. Shareholders who purchased EE stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 6% increase over the prior quarter. At the current stock price of $35.95, the dividend yield is 2.95%.
The previous trading day's last sale of EE was $35.95, representing a -7.61% decrease from the 52 week high of $38.91 and a 19.25% increase over the 52 week low of $30.15.
EE is a part of the Public Utilities sector, which includes companies such as Southern Company ( SO ) and NextEra Energy, Inc. ( NEE ). EE's current earnings per share, an indicator of a company's profitability, is $2.37. Zacks Investment Research reports EE's forecasted earnings growth in 2013 as 7.37%, compared to an industry average of 4.6%.
For more information on the declaration, record and payment dates, visit the EE Dividend History page.
Interested in gaining exposure to EE through an Exchange Traded Fund [ETF]?
The following ETF(s) have EE as a top-10 holding:
- PowerShares Exchange-Traded Fund Trust II PowerShares S&P Smal ( PSCU ).
The top-performing ETF of this group is PSCU with an decrease of -0.75% over the last 100 days. It also has the highest percent weighting of EE at 4.53%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.