IAC/InterActiveCorp Stock To Go Ex-dividend Tomorrow (IACI)

NEW YORK ( TheStreet) -- The ex-dividend date for IAC/InterActiveCorp (Nasdaq: IACI) is tomorrow, May 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $49.15 as of 9:30 a.m. ET, the dividend yield is 1%.

The average volume for IAC/InterActiveCorp has been 1.1 million shares per day over the past 30 days. IAC/InterActiveCorp has a market cap of $3.83 billion and is part of the services sector and retail industry. Shares are up 14.8% year to date as of the close of trading on Wednesday.

IAC/InterActiveCorp engages in the Internet business in the United States and internationally. The company has a P/E ratio of 24.1, below the average retail industry P/E ratio of 24.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates IAC/InterActiveCorp 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, solid stock price performance, impressive record of earnings per share growth and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full IAC/InterActiveCorp Ratings Report.

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