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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