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TheStreet Wire

Progressive Waste Stock To Go Ex-dividend Tomorrow (BIN)

By TheStreet Wire 03/27/12 - 09:56 AM EDT

Find out if (BIN) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- The ex-dividend date for Progressive Waste Solutions (NYSE:BIN) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $22.18 as of 9:30 a.m. ET, the dividend yield is 2.6%.

The average volume for Progressive Waste has been 257,300 shares per day over the past 30 days. Progressive Waste has a market cap of $2.6 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 13.2% year to date as of the close of trading on Monday.

Progressive Waste Solutions Ltd. operates as a vertically integrated waste management company in North America. The company provides non-hazardous solid waste collection, recycling, and disposal services to commercial, industrial, municipal, and residential customers in 12 U.S. The company has a P/E ratio of 19.5, below the average materials & construction industry P/E ratio of 22.1 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Progressive Waste as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, generally weak debt management, disappointing return on equity and weak operating cash flow. You can view the full Progressive Waste Ratings Report.

See our dividend calendar or top-yielding stocks list.

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