The ex-dividend date for Tidewater (NYSE:TDW) is tomorrow, March 1, 2012. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $60.36 as of 9:30 a.m., the dividend yield is 1.7%.
NEW YORK ( TheStreet) -- The ex-dividend date for Tidewater (NYSE: TDW) is tomorrow, March 1, 2012. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $60.36 as of 9:30 a.m. ET, the dividend yield is 1.7%. The average volume for Tidewater has been 658,500 shares per day over the past 30 days. Tidewater has a market cap of $2.85 billion and is part of the services sector and transportation industry. Shares are up 22.5% year to date as of the close of trading on Tuesday. Tidewater Inc., through its subsidiaries, provides offshore service vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels. The company has a P/E ratio of 47.6, above the average transportation industry P/E ratio of 42.5 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Tidewater as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Tidewater Ratings Report. See our dividend calendar or top-yielding stocks list.