The ex-dividend date for Syntel (Nasdaq:SYNT) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $55.14 as of 9:30 a.m., the dividend yield is 0.4%.
NEW YORK ( TheStreet) -- The ex-dividend date for Syntel (Nasdaq: SYNT) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $55.14 as of 9:30 a.m. ET, the dividend yield is 0.4%. The average volume for Syntel has been 107,000 shares per day over the past 30 days. Syntel has a market cap of $1.98 billion and is part of the technology sector and computer software & services industry. Shares are up 18.2% year to date as of the close of trading on Monday. Syntel, Inc. provides information technology (IT) and knowledge process outsourcing (KPO) services worldwide. It operates in four segments: Applications Outsourcing, KPO, e-Business, and TeamSourcing. The company has a P/E ratio of 18.4, above the average computer software & services industry P/E ratio of 18.2 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Syntel as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Syntel Ratings Report. See our dividend calendar or top-yielding stocks list.