Telecom Corporation Of New Zealand Stock To Go Ex-dividend Tomorrow (NZT)

NEW YORK ( TheStreet) -- The ex-dividend date for Telecom Corporation of New Zealand (NYSE: NZT) is tomorrow, March 20, 2012. Owners of shares as of market close today will be eligible for a dividend of 37 cents per share. At a price of $10.19 as of 9:30 a.m. ET, the dividend yield is 6.6%.

The average volume for Telecom Corporation of New Zealand has been 405,700 shares per day over the past 30 days. Telecom Corporation of New Zealand has a market cap of $3.24 billion and is part of the technology sector and telecommunications industry. Shares are up 27.2% year to date as of the close of trading on Friday.

Telecom Corporation of New Zealand Limited, together with its subsidiaries, provides telecommunications services, as well as information, communication, and technology services in New Zealand and Australia. The company has a P/E ratio of 4.2, below the average telecommunications industry P/E ratio of 22.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Telecom Corporation of New Zealand as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth 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 Telecom Corporation of New Zealand Ratings Report.

See our dividend calendar or top-yielding stocks list.
null

If you liked this article you might like

5 Telecom Stocks Breaking Out Ahead of Earnings

Once Again, Cash Is King

Telecom Corporation Of New Zealand Stock To Go Ex-dividend Tomorrow (NZT)

Telecom Corporation Of New Zealand Stock To Go Ex-dividend Tomorrow (NZT)

Is it Safe? A Hint of Risk Can Boost Returns