Cellcom Israel Stock To Go Ex-dividend Monday (CEL)

NEW YORK ( TheStreet) -- The ex-dividend date for Cellcom Israel (NYSE: CEL) is Monday, April 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 19 cents per share. At a price of $12.30 as of 9:30 a.m. ET, the dividend yield is 16.7%.

The average volume for Cellcom Israel has been 299,000 shares per day over the past 30 days. Cellcom Israel has a market cap of $1.21 billion and is part of the technology sector and telecommunications industry. Shares are down 25% year to date as of the close of trading on Thursday.

Cellcom Israel Ltd. provides cellular communications services in Israel. It offers basic and advanced cellular telephone services, text and multimedia messaging services, and advanced cellular content and data services. The company has a P/E ratio of 5.6, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cellcom Israel as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and generally poor debt management. You can view the full Cellcom Israel Ratings Report.

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