Lender Processing Services Stock To Go Ex-dividend Tomorrow (LPS)
The ex-dividend date for Lender Processing Services (NYSE:LPS) is tomorrow, February 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $22.36 as of 9:30 a.m., the dividend yield is 1.8%.
NEW YORK ( TheStreet) -- The ex-dividend date for Lender Processing Services (NYSE: LPS) is tomorrow, February 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $22.36 as of 9:30 a.m. ET, the dividend yield is 1.8%. The average volume for Lender Processing Services has been 1.4 million shares per day over the past 30 days. Lender Processing Services has a market cap of $1.4 billion and is part of the services sector and diversified services industry. Shares are up 50.4% year to date as of the close of trading on Friday. Lender Processing Services, Inc. provides integrated technology and outsourced services to the mortgage lending industry in the United States. The company operates through two segments, Technology, Data, and Analytics; and Loan Transaction Services. The company has a P/E ratio of 8.5, above the average diversified services industry P/E ratio of 7.7 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Lender Processing Services as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and weak operating cash flow. You can view the full Lender Processing Services Ratings Report. See our dividend calendar or top-yielding stocks list.