The ex-dividend date for Aceto Corporation (Nasdaq:ACET) is tomorrow, June 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $8.21 as of 9:30 a.m., the dividend yield is 2.4%.
NEW YORK ( TheStreet) -- The ex-dividend date for Aceto Corporation (Nasdaq: ACET) is tomorrow, June 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $8.21 as of 9:30 a.m. ET, the dividend yield is 2.4%. The average volume for Aceto has been 161,400 shares per day over the past 30 days. Aceto has a market cap of $224.2 million and is part of the basic materials sector and chemicals industry. Shares are up 21.6% year to date as of the close of trading on Tuesday. Aceto Corporation engages in the sourcing, regulatory support, marketing, and distribution of pharmaceutical intermediates and active ingredients, finished dosage form generics, nutraceutical products, agricultural protection products, and specialty chemicals worldwide. The company has a P/E ratio of 13.5, below the average chemicals industry P/E ratio of 13.7 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Aceto as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Aceto Ratings Report. See our dividend calendar or top-yielding stocks list.