Portugal Telecom Stock To Go Ex-dividend Tuesday (PT)

NEW YORK ( TheStreet) -- The ex-dividend date for Portugal Telecom (NYSE: PT) is Tuesday, May 31, 2011. Owners of shares as of market close today will be eligible for a dividend of $1.27 per share. At a price of $12.46 as of 9:31 a.m. ET, the dividend yield is 13.6%.

The average volume for Portugal Telecom has been 108,700 shares per day over the past 30 days. Portugal Telecom has a market cap of $11 billion and is part of the technology sector and telecommunications industry. Shares are up 8.1% year to date as of the close of trading on Thursday.

Portugal Telecom, SGPS, S.A. provides telecommunications services in Portugal, Brazil, and Africa. The company has a P/E ratio of 26, below the average telecommunications industry P/E ratio of 48 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Portugal Telecom as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, reasonable valuation levels and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins. You can view the full Portugal Telecom Ratings Report.

See our dividend calendar or top-yielding stocks list.

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