The ex-dividend date for Ebix (Nasdaq:EBIX) is tomorrow, May 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $18.84 as of 9:30 a.m., the dividend yield is 1.1%.
NEW YORK ( TheStreet) -- The ex-dividend date for Ebix (Nasdaq: EBIX) is tomorrow, May 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $18.84 as of 9:30 a.m. ET, the dividend yield is 1.1%. The average volume for Ebix has been 408,200 shares per day over the past 30 days. Ebix has a market cap of $681.1 million and is part of the technology sector and computer software & services industry. Shares are down 15.4% year to date as of the close of trading on Wednesday. Ebix, Inc. provides on-demand software and e-commerce solutions to the insurance industry. The company has a P/E ratio of 10.5, below the average computer software & services industry P/E ratio of 10.7 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Ebix 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, attractive valuation levels, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Ebix Ratings Report. See our dividend calendar or top-yielding stocks list.