VimpelCom Stock To Go Ex-dividend Tomorrow (VIP)

NEW YORK ( TheStreet) -- The ex-dividend date for VimpelCom (NYSE: VIP) is tomorrow, May 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $7.84 as of 9:30 a.m. ET, the dividend yield is 8.9%.

The average volume for VimpelCom has been 2.1 million shares per day over the past 30 days. VimpelCom has a market cap of $11.83 billion and is part of the technology sector and telecommunications industry. Shares are down 22.8% year to date as of the close of trading on Friday.

VimpelCom Ltd., a telecommunications service operator, provides voice and data services through a range of traditional and broadband mobile and fixed technologies. The company has a P/E ratio of 43, below the average telecommunications industry P/E ratio of 48.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates VimpelCom as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, deteriorating net income, disappointing return on equity and feeble growth in its earnings per share. You can view the full VimpelCom Ratings Report.

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