Textainer Group Stock To Go Ex-dividend Tomorrow (TGH)

NEW YORK ( TheStreet) -- The ex-dividend date for Textainer Group Holdings (NYSE: TGH) is tomorrow, February 22, 2012. Owners of shares as of market close today will be eligible for a dividend of 37 cents per share. At a price of $32.20 as of 9:30 a.m. ET, the dividend yield is 4.7%.

The average volume for Textainer Group has been 135,400 shares per day over the past 30 days. Textainer Group has a market cap of $1.55 billion and is part of the services sector and diversified services industry. Shares are up 9.2% year to date as of the close of trading on Friday.

Textainer Group Holdings Limited, through its subsidiaries, engages in the purchase, management, leasing, and resale of a fleet of marine cargo containers worldwide. The company has a P/E ratio of 8.9, below the average diversified services industry P/E ratio of 9.1 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Textainer Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, compelling growth in net income, expanding profit margins and good cash flow from operations. 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 Textainer Group Ratings Report.

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