Infosys Stock To Go Ex-dividend Tomorrow (INFY)

NEW YORK (TheStreet) -- The ex-dividend date for Infosys (Nasdaq:INFY) is tomorrow, May 22, 2012. Owners of shares as of market close today will be eligible for a dividend of 60 cents per share. At a price of $42.46 as of 9:30 a.m. ET, the dividend yield is 1.6%.

The average volume for Infosys has been 1.9 million shares per day over the past 30 days. Infosys has a market cap of $24.39 billion and is part of the technology sector and computer software & services industry. Shares are down 16.6% year to date as of the close of trading on Friday.

Infosys Ltd. provides information technology (IT) and consulting services worldwide. The company has a P/E ratio of 14.2, equal to the average computer software & services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Infosys as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Infosys Ratings Report.

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