Portugal Telecom Stock To Go Ex-dividend Tomorrow (PT)
The ex-dividend date for Portugal Telecom (NYSE:PT) is tomorrow, May 22, 2012. Owners of shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $5.10 as of 9:34 a.m., the dividend yield is 25.6%.
NEW YORK ( TheStreet) -- The ex-dividend date for Portugal Telecom (NYSE: PT) is tomorrow, May 22, 2012. Owners of shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $5.10 as of 9:34 a.m. ET, the dividend yield is 25.6%. The average volume for Portugal Telecom has been 310,400 shares per day over the past 30 days. Portugal Telecom has a market cap of $4.36 billion and is part of the technology sector and telecommunications industry. Shares are down 13% year to date as of the close of trading on Friday. Portugal Telecom, SGPS, S.A., together with its subsidiaries, provides telecommunications services in Portugal, Brazil, sub-Saharan Africa, and Asia. The company has a P/E ratio of 10.3, above the average telecommunications industry P/E ratio of 9.6 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Portugal Telecom as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, a generally disappointing performance in the stock itself and poor profit margins. You can view the full Portugal Telecom Ratings Report. See our dividend calendar or top-yielding stocks list.
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