) -- The ex-dividend date for

Tele Norte Leste Holding Company



) is tomorrow, April 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 49 cents per share. At a price of $17.53 as of 9:32 a.m. ET, the dividend yield is 2.7%.

The average volume for Tele Norte Leste Holding has been 1.6 million shares per day over the past 30 days. Tele Norte Leste Holding has a market cap of $7 billion and is part of the


sector and


industry. Shares are up 20.8% year to date as of the close of trading on Wednesday.

TheStreet Recommends

Tele Norte Leste Participacoes S.A. provides telecommunication services primarily in Brazil. It offers a portfolio of integrated and convergent communication products that include regular fixed and mobile telephony, data transmission, and ISP services. The company has a P/E ratio of 17.7, above the average telecommunications industry P/E ratio of 3.8 and above the S&P 500 P/E ratio of 16.9.

  • Practice your dividend trading strategies and win cash in our stock game.

TheStreet Ratings rates Tele Norte Leste Holding as a


. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and solid stock price performance. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. You can view the full

Tele Norte Leste Holding Ratings Report


See our

dividend calendar


top-yielding stocks list