Global Payments Stock To Go Ex-dividend Tomorrow (GPN)
The ex-dividend date for Global Payments (NYSE:GPN) is tomorrow, May 15, 2012. Owners of shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $43 as of 9:30 a.m., the dividend yield is 0.2%.
NEW YORK ( TheStreet) -- The ex-dividend date for Global Payments (NYSE: GPN) is tomorrow, May 15, 2012. Owners of shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $43 as of 9:30 a.m. ET, the dividend yield is 0.2%. The average volume for Global Payments has been 970,000 shares per day over the past 30 days. Global Payments has a market cap of $3.41 billion and is part of the services sector and diversified services industry. Shares are down 8.5% year to date as of the close of trading on Friday. Global Payments Inc. provides electronic transaction processing services for merchants, independent sales organizations (ISO), financial institutions, government agencies, and multi-national corporations located in the United States, Canada, Europe, and the Asia-Pacific region. The company has a P/E ratio of 14.4, equal to the average diversified services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Global Payments 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, impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Global Payments Ratings Report. See our dividend calendar or top-yielding stocks list.