Calamos Asset Management Stock To Go Ex-dividend Tomorrow (CLMS)

NEW YORK ( TheStreet) -- The ex-dividend date for Calamos Asset Management (Nasdaq: CLMS) is tomorrow, May 6, 2011. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $15.47 as of 9:30 a.m. ET, the dividend yield is 2.4%.

The average volume for Calamos Asset Management has been 157,500 shares per day over the past 30 days. Calamos Asset Management has a market cap of $319.6 million and is part of the financial sector and financial services industry. Shares are up 11.9% year to date as of the close of trading on Wednesday.

Calamos Asset Management Inc. is a publicly owned investment manager. The firm provides investment advisory services to individuals including high net worth individuals, and institutions. It also manages accounts for family offices and private foundations. The company has a P/E ratio of 16, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.
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TheStreet Ratings rates Calamos Asset Management as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full Calamos Asset Management Ratings Report.

See our dividend calendar or top-yielding stocks list.

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