Verizon Stock To Go Ex-dividend Tomorrow (VZ)

NEW YORK ( TheStreet) -- The ex-dividend date for Verizon Communications (NYSE: VZ) is tomorrow, April 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $38.38 as of 9:30 a.m. ET, the dividend yield is 5.2%.

The average volume for Verizon has been 13.9 million shares per day over the past 30 days. Verizon has a market cap of $106.99 billion and is part of the technology sector and telecommunications industry. Shares are down 4% year to date as of the close of trading on Tuesday.

Verizon Communications Inc. provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. It operates in two segments, Verizon Wireless and Wireline. The company has a P/E ratio of 45.3, above the average telecommunications industry P/E ratio of 18.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Verizon as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Verizon Ratings Report.

See our dividend calendar or top-yielding stocks list.