China Digital TV Stock To Go Ex-dividend Tomorrow (STV)
The ex-dividend date for China Digital TV (NYSE:STV) is tomorrow, June 16, 2011. Owners of shares as of market close today will be eligible for a dividend of 56 cents per share. At a price of $5.92 as of 9:30 a.m., the dividend yield is 34.9%.
NEW YORK ( TheStreet) -- The ex-dividend date for China Digital TV (NYSE: STV) is tomorrow, June 16, 2011. Owners of shares as of market close today will be eligible for a dividend of 56 cents per share. At a price of $5.92 as of 9:30 a.m. ET, the dividend yield is 34.9%. The average volume for China Digital TV has been 294,200 shares per day over the past 30 days. China Digital TV has a market cap of $333.5 million and is part of the technology sector and computer software & services industry. Shares are down 16.6% year to date as of the close of trading on Tuesday. China Digital TV Holding Co., Ltd., through its subsidiaries, provides conditional access (CA) systems to digital television markets in the People's Republic of China. The company has a P/E ratio of 9.6, above the average computer software & services industry P/E ratio of 5.6 and below the S&P 500 P/E ratio of 17.7.
Practice your dividend trading strategies and win cash in our stock game.
TheStreet Ratings rates China Digital TV as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full China Digital TV Ratings Report. See our dividend calendar or top-yielding stocks list.
China Digital TV Holding (STV) rose on Wednesday after the company declared a special cash dividend of 50 cents a share on its ordinary shares. Each of China Digital's American Depositary Shares (ADS) represents one ordinary share. Shareholders of record as of the close of business on April 14 will be eligible to receive the dividend, which should be paid on or around May 9. This is the fifth time the company has declared a dividend since its IPO in 2007. "China Digital TV is always looking to provide excellent value to our shareholders and we believe that a special dividend is a prudent use of cash at this time," said Chairman and CEO Jianhua Zhu in a statement. "Our balance sheet and revenue remain strong enough to support our continued focus on R&D and other long-term objectives."