NEW YORK (

TheStreet

) -- The ex-dividend date for

Cellcom Israel

(NYSE:

CEL

) is Tuesday, January 3, 2012. Owners of shares as of market close today will be eligible for a dividend of 51 cents per share. At a price of $16.80 as of 9:33 a.m. ET, the dividend yield is 16.2%.

The average volume for Cellcom Israel has been 305,600 shares per day over the past 30 days. Cellcom Israel has a market cap of $1.7 billion and is part of the

technology

sector and

telecommunications

industry. Shares are down 48.5% year to date as of the close of trading on Thursday.

Cellcom Israel Ltd. provides cellular communications services in Israel. It offers basic and advanced cellular telephone services, text and multimedia messaging services, and advanced cellular content and data services. The company has a P/E ratio of 4.6, below the average telecommunications industry P/E ratio of 5.5 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Cellcom Israel as a

hold

. The company's strengths can be seen in multiple areas, such as its notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full

Cellcom Israel Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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