The ex-dividend date for Blackbaud (Nasdaq:BLKB) is tomorrow, March 1, 2012. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $32.16 as of 9:30 a.m., the dividend yield is 1.5%.
NEW YORK ( TheStreet) -- The ex-dividend date for Blackbaud (Nasdaq: BLKB) is tomorrow, March 1, 2012. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $32.16 as of 9:30 a.m. ET, the dividend yield is 1.5%. The average volume for Blackbaud has been 172,100 shares per day over the past 30 days. Blackbaud has a market cap of $1.33 billion and is part of the technology sector and computer software & services industry. Shares are up 16% year to date as of the close of trading on Tuesday. Blackbaud, Inc. provides software and related services for nonprofit organizations worldwide. The company has a P/E ratio of 30.7, below the average computer software & services industry P/E ratio of 37.8 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Blackbaud as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Blackbaud Ratings Report. See our dividend calendar or top-yielding stocks list.