The ex-dividend date for ABM Industries (NYSE:ABM) is Tuesday, July 5, 2011. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $23.36 as of 9:30 a.m., the dividend yield is 2.4%.
NEW YORK ( TheStreet) -- The ex-dividend date for ABM Industries (NYSE: ABM) is Tuesday, July 5, 2011. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $23.36 as of 9:30 a.m. ET, the dividend yield is 2.4%. The average volume for ABM has been 280,000 shares per day over the past 30 days. ABM has a market cap of $1.2 billion and is part of the services sector and diversified services industry. Shares are down 11.3% year to date as of the close of trading on Thursday. ABM Industries Incorporated, through its subsidiaries, provides facility services for commercial, industrial, institutional, and retail facilities primarily in the United States. It operates in four segments: Janitorial, Parking, Security, and Engineering. The company has a P/E ratio of 19.2, above the average diversified services industry P/E ratio of 19.1 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates ABM as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full ABM Ratings Report. See our dividend calendar or top-yielding stocks list.