NEW YORK (

TheStreet

) -- The ex-dividend date for

Mercadolibre

(Nasdaq:

MELI

) is tomorrow, March 29, 2011. Owners of shares as of market close today will be eligible for a dividend of eight cents per share. At a price of $73.81 as of 9:31 a.m. ET, the dividend yield is 0.1%.

The average volume for Mercadolibre has been 571,200 shares per day over the past 30 days. Mercadolibre has a market cap of $3.2 billion and is part of the

services

sector and

diversified services

industry. Shares are up 10.7% year to date as of the close of trading on Friday.

MercadoLibre, Inc., through its subsidiaries, hosts online commerce and payments platforms in Latin America. Its services are designed to provide its users with mechanisms to buy, sell, pay for, and collect on e-commerce transactions. The company has a P/E ratio of 57.5, equal to the average diversified services industry P/E ratio and above the S&P 500 P/E ratio of 16.2.

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TheStreet Ratings rates Mercadolibre as buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full

Mercadolibre Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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