El Paso Electric (NYSE:EE) Declares Quarterly Dividend of $0.39

El Paso Electric (NYSE:EE) announced a quarterly dividend on Thursday, October 17th, Zacks reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.385 per share by the utilities provider on Friday, December 27th. This represents a $1.54 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Thursday, December 12th.

Shares of EE traded up $0.01 during mid-day trading on Tuesday, hitting $67.50. The company’s stock had a trading volume of 1,277 shares, compared to its average volume of 253,521. El Paso Electric has a one year low of $47.99 and a one year high of $74.44. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.51 and a current ratio of 0.69. The firm has a market capitalization of $2.75 billion, a PE ratio of 28.98 and a beta of 0.53. The stock’s 50-day moving average is $67.31 and its two-hundred day moving average is $66.14.

El Paso Electric (NYSE:EE) last posted its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $1.83 earnings per share for the quarter. El Paso Electric had a return on equity of 7.85% and a net margin of 10.99%. The company had revenue of $294.45 million during the quarter.

Separately, ValuEngine cut El Paso Electric from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Five research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus price target of $60.00.

About El Paso Electric

El Paso Electric Co engages in the generation, transmission, and distribution of electricity in West Texas and southern New Mexico. Its energy sources consist of nuclear fuel, natural gas, coal, wind turbines, and purchased power. The company’s electrical generating facilities include Palo Verde Station, Newman Power Station, Rio Grande Power Station, Four Corners Station, Copper Power Station, and Wind Ranch.

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Dividend History for El Paso Electric (NYSE:EE)

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