NEW YORK (

TheStreet

) -- The ex-dividend date for

Telecom Corporation of New Zealand

(NYSE:

NZT

) is tomorrow, August 30, 2011. Owners of shares as of market close today will be eligible for a dividend of 39 cents per share. At a price of $11.58 as of 9:30 a.m. ET, the dividend yield is 5.1%.

The average volume for Telecom Corporation of New Zealand has been 666,400 shares per day over the past 30 days. Telecom Corporation of New Zealand has a market cap of $4.3 billion and is part of the

technology

sector and

telecommunications

industry. Shares are up 36.2% year to date as of the close of trading on Friday.

Telecom Corporation of New Zealand Limited, together with its subsidiaries, provides telecommunications services, as well as information, communication, and technology services in New Zealand and Australia. The company has a P/E ratio of 4.6, below the average telecommunications industry P/E ratio of 30.4 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Telecom Corporation of New Zealand as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Telecom Corporation of New Zealand Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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