NEW YORK ( TheStreet) -- The ex-dividend date for Lender Processing Services (NYSE: LPS) is tomorrow, June 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $22.31 as of 9:30 a.m. ET, the dividend yield is 1.7%.

The average volume for Lender Processing Services has been one million shares per day over the past 30 days. Lender Processing Services has a market cap of $1.95 billion and is part of the services sector and diversified services industry. Shares are up 53.2% year to date as of the close of trading on Friday.

Lender Processing Services, Inc. provides integrated technology and outsourced services to the mortgage lending industry in the United States. The company has a P/E ratio of 14.6, below the average diversified services industry P/E ratio of 22 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Lender Processing Services as a buy. Among the primary strengths of the company is its attractive valuation levels, considering its current price compared to earnings, book value and other measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Lender Processing Services Ratings Report.

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