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TheStreet Wire

Textainer Group Stock To Go Ex-dividend Tomorrow (TGH)

By TheStreet Wire 05/15/12 - 09:56 AM EDT

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

NEW YORK (TheStreet) -- The ex-dividend date for Textainer Group Holdings (NYSE:TGH) is tomorrow, May 16, 2012. Owners of shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $35.63 as of 9:30 a.m. ET, the dividend yield is 4.4%.

The average volume for Textainer Group has been 155,500 shares per day over the past 30 days. Textainer Group has a market cap of $1.81 billion and is part of the services sector and diversified services industry. Shares are up 25.8% year to date as of the close of trading on Monday.

Textainer Group Holdings Limited, through its subsidiaries, engages in the purchase, ownership, management, leasing, and resale of a fleet of marine cargo containers worldwide. The company has a P/E ratio of nine, equal to the average diversified services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Textainer Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Textainer Group Ratings Report.

See our dividend calendar or top-yielding stocks list.

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