Telecom Argentina Stock To Go Ex-dividend Tomorrow (TEO)

NEW YORK ( TheStreet) -- The ex-dividend date for Telecom Argentina (NYSE: TEO) is tomorrow, May 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 93 cents per share. At a price of $14.26 as of 9:30 a.m. ET, the dividend yield is 6.6%.

The average volume for Telecom Argentina has been 389,600 shares per day over the past 30 days. Telecom Argentina has a market cap of $2.76 billion and is part of the technology sector and telecommunications industry. Shares are down 20.1% year to date as of the close of trading on Friday.

Telecom Argentina S.A., together with its subsidiaries, provides telecommunication services to residential customers, businesses, and governmental agencies in Argentina and internationally. It operates in two segments, Fixed Telephony and Mobile Services. The company has a P/E ratio of 4.7, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Telecom Argentina 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, notable return on equity, attractive valuation levels and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Telecom Argentina Ratings Report.

See our dividend calendar or top-yielding stocks list.

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