Wipro Stock To Go Ex-dividend Tomorrow (WIT)

NEW YORK (TheStreet) -- The ex-dividend date for Wipro (NYSE:WIT) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $8.65 as of 9:30 a.m. ET, the dividend yield is 1.3%.

The average volume for Wipro has been 477,700 shares per day over the past 30 days. Wipro has a market cap of $21.81 billion and is part of the technology sector and computer software & services industry. Shares are down 14.7% year to date as of the close of trading on Monday.

Wipro Limited provides information technology (IT) products and services, and consumer care and lighting products primarily in India, the United States, and Europe. The company operates in four segments: IT Services, IT Products, Consumer Care and Lighting, and Other. The company has a P/E ratio of 19.7, below the average computer software & services industry P/E ratio of 19.9 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Wipro 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, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Wipro Ratings Report.

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