The ex-dividend date for ABM Industries (NYSE:ABM) is Tuesday, January 3, 2012. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $20.81 as of 9:30 a.m., the dividend yield is 2.8%.
NEW YORK ( TheStreet) -- The ex-dividend date for ABM Industries (NYSE: ABM) is Tuesday, January 3, 2012. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $20.81 as of 9:30 a.m. ET, the dividend yield is 2.8%. The average volume for ABM has been 410,500 shares per day over the past 30 days. ABM has a market cap of $1.1 billion and is part of the services sector and diversified services industry. Shares are down 20.9% 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, Engineering, Parking, and Security. The company has a P/E ratio of 16.2, equal to the average diversified services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates ABM as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full ABM Ratings Report. See our dividend calendar or top-yielding stocks list.