Telecom Argentina Stock To Go Ex-dividend Tomorrow (TEO)
The ex-dividend date for Telecom Argentina (NYSE:TEO) is tomorrow, April 14, 2011. Owners of shares as of market close today will be eligible for a dividend of $1.11 per share. At a price of $25.25 as of 9:30 a.m., the dividend yield is 9.7%.
NEW YORK ( TheStreet) -- The ex-dividend date for Telecom Argentina (NYSE: TEO) is tomorrow, April 14, 2011. Owners of shares as of market close today will be eligible for a dividend of $1.11 per share. At a price of $25.25 as of 9:30 a.m. ET, the dividend yield is 9.7%. The average volume for Telecom Argentina has been 157,600 shares per day over the past 30 days. Telecom Argentina has a market cap of $5 billion and is part of the technology sector and telecommunications industry. Shares are up 1.1% year to date as of the close of trading on Tuesday. Telecom Argentina S.A., through its subsidiaries, provides fixed-line telecommunication services and other telephone-related services in Argentina. It operates in two segments, Voice, Data, and Internet; and Wireless. The company has a P/E ratio of 43.5, above the average telecommunications industry P/E ratio of 10.8 and above the S&P 500 P/E ratio of 16.6.
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TheStreet Ratings rates Telecom Argentina as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, solid stock price performance, impressive record of earnings per share growth and attractive valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Telecom Argentina Ratings Report. See our dividend calendar or top-yielding stocks list.