Waddell & Reed Financial Stock To Go Ex-dividend Tomorrow (WDR)

NEW YORK ( TheStreet) -- The ex-dividend date for Waddell & Reed Financial (NYSE: WDR) is tomorrow, April 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $32.17 as of 9:30 a.m. ET, the dividend yield is 3%.

The average volume for Waddell & Reed Financial has been 1.1 million shares per day over the past 30 days. Waddell & Reed Financial has a market cap of $2.47 billion and is part of the financial sector and financial services industry. Shares are up 34.2% year to date as of the close of trading on Tuesday.

Waddell & Reed Financial, Inc., through its subsidiaries, provides investment management, investment product underwriting and distribution, and shareholder services administration to mutual funds, and institutional and separately managed accounts in the United States. The company has a P/E ratio of 16.2, above the average financial services industry P/E ratio of 13.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Waddell & Reed Financial 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, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Waddell & Reed Financial Ratings Report.

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