Blackbaud Stock To Go Ex-dividend Tomorrow (BLKB)

NEW YORK ( TheStreet) -- The ex-dividend date for Blackbaud (Nasdaq: BLKB) is tomorrow, May 23, 2012. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $26.75 as of 9:30 a.m. ET, the dividend yield is 1.8%.

The average volume for Blackbaud has been 213,000 shares per day over the past 30 days. Blackbaud has a market cap of $1.18 billion and is part of the technology sector and computer software & services industry. Shares are down 2.9% year to date as of the close of trading on Monday.

Blackbaud, Inc. provides software and related services for nonprofit organizations. The company has a P/E ratio of 41, below the average computer software & services industry P/E ratio of 41.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Blackbaud 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 and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Blackbaud Ratings Report.

See our dividend calendar or top-yielding stocks list.
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