NEW YORK (

TheStreet

) -- The ex-dividend date for

Tele Norte Leste Holding Company

(NYSE:

TNE

) 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

technology

sector and

telecommunications

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

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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.

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TheStreet Ratings rates Tele Norte Leste Holding as a

hold

. 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

or

top-yielding stocks list

.

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