The ex-dividend date for Aceto Corporation (Nasdaq:ACET) is tomorrow, December 23, 2011. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $7.04 as of 9:30 a.m., the dividend yield is 2.8%.
NEW YORK ( TheStreet) -- The ex-dividend date for Aceto Corporation (Nasdaq: ACET) is tomorrow, December 23, 2011. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $7.04 as of 9:30 a.m. ET, the dividend yield is 2.8%. The average volume for Aceto has been 101,800 shares per day over the past 30 days. Aceto has a market cap of $188.4 million and is part of the basic materials sector and chemicals industry. Shares are down 22% year to date as of the close of trading on Wednesday. Aceto Corporation engages in the sourcing, regulatory support, marketing, and distribution of pharmaceutical intermediates and active ingredients, finished dosage form generics, nutraceutical products, agricultural protection products, and specialty chemicals worldwide. The company has a P/E ratio of 20.7, below the average chemicals industry P/E ratio of 21.4 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Aceto as a hold. 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 and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. You can view the full Aceto Ratings Report. See our dividend calendar or top-yielding stocks list.