NEW YORK ( TheStreet) -- The ex-dividend date for Verizon Communications Inc (NYSE: VZ) is tomorrow, October 5, 2011. Owners of shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $36.13 as of 9:31 a.m. ET, the dividend yield is 5.4%.

The average volume for Verizon has been 19.3 million shares per day over the past 30 days. Verizon has a market cap of $104.2 billion and is part of the technology sector and telecommunications industry. Shares are up 1.6% year to date as of the close of trading on Monday.

Verizon Communications Inc. provides communication services. The company operates through two segments, Domestic Wireless and Wireline. The Domestic Wireless segment offers wireless voice and data services; and sells equipment in the United States. The company has a P/E ratio of 16.5, below the average telecommunications industry P/E ratio of 19.4 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Verizon as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, notable return on equity, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Verizon Ratings Report.

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