Consolidated Stock To Go Ex-dividend Tomorrow (CNSL)

NEW YORK ( TheStreet) -- The ex-dividend date for Consolidated Communications (Nasdaq: CNSL) is tomorrow, October 12, 2011. Owners of shares as of market close today will be eligible for a dividend of 39 cents per share. At a price of $17.90 as of 9:30 a.m. ET, the dividend yield is 8.9%.

The average volume for Consolidated has been 192,900 shares per day over the past 30 days. Consolidated has a market cap of $523.3 million and is part of the technology sector and telecommunications industry. Shares are down 6.2% year to date as of the close of trading on Monday.

Consolidated Communications Holdings, Inc., together with its subsidiaries, provides telecommunications services to residential and business customers in Illinois, Texas, and Pennsylvania. The company has a P/E ratio of 16.8, above the average telecommunications industry P/E ratio of 16.5 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Consolidated as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Consolidated Ratings Report.

See our dividend calendar or top-yielding stocks list.

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