On 9/13/11, El Paso Electric Company (NYSE:EE) will trade ex-dividend, for its quarterly dividend of $0.22, payable on 9/30/11. As a percentage of EE's recent stock price of $33.61, this dividend works out to approximately 0.65%.
Below is a dividend history chart for EE, showing historical dividends prior to the most recent $0.22 declared by El Paso Electric Company:
EE Dividend History
* Data may be adjusted for splits; we are not responsible for data errors; always verify data with the company.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from EE is likely to continue, and whether the current estimated yield of 2.62% on annualized basis is a reasonable expectation of annual yield going forward.
EE operates in the Electric Utilities sector, among companies like Pinnacle West Capital Corp. (NYSE:PNW) which is off about 2% today, and OGE Energy Corp. (NYSE:OGE) trading lower by about 2%. Below is a three month price history chart comparing the stock performance of EE, versus PNW and OGE.
In Friday trading, El Paso Electric Company shares are currently off about 1.7% on the day.
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