Corrections Corporation of America (NYSE: CXW) shares as of market close today will be eligible for a dividend of 53 cents per share. At a price of $38.50 as of 9:35 a.m. ET, the dividend yield is 5.5%. The average volume for Corrections Corporation of America has been 1.7 million shares per day over the past 30 days. Corrections Corporation of America has a market cap of $3.8 billion and is part of the diversified services industry. Shares are up 8.3% year to date as of the close of trading on Wednesday. EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys dividend stocks that have the potential for a 3% to 4% yield and 10% growth. Get his best picks for less than $50/year. Corrections Corporation of America, together with its subsidiaries, owns and operates privatized correctional and detention facilities in the United States. The company has a P/E ratio of 24.58. Currently there are 4 analysts that rate Corrections Corporation of America a buy, no analysts rate it a sell, and 1 rates it a hold. TheStreet Ratings rates Corrections Corporation of America as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Corrections Corporation of America Ratings Report now.
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