The ex-dividend date for Syntel (Nasdaq:SYNT) is tomorrow, June 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $55.32 as of 9:30 a.m., the dividend yield is 0.4%.
NEW YORK ( TheStreet) -- The ex-dividend date for Syntel (Nasdaq: SYNT) is tomorrow, June 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $55.32 as of 9:30 a.m. ET, the dividend yield is 0.4%. The average volume for Syntel has been 147,500 shares per day over the past 30 days. Syntel has a market cap of $2.3 billion and is part of the technology sector and computer software & services industry. Shares are up 16.3% year to date as of the close of trading on Friday. Syntel, Inc. provides information technology (IT) and knowledge process outsourcing (KPO) services worldwide. It operates in four segments: Applications Outsourcing, KPO, e-Business, and TeamSourcing. The company has a P/E ratio of 20.2, below the average computer software & services industry P/E ratio of 20.3 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Syntel as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Syntel Ratings Report. See our dividend calendar or top-yielding stocks list.