The ex-dividend date for Earthlink (Nasdaq:ELNK) is tomorrow, June 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $7.64 as of 9:30 a.m., the dividend yield is 2.4%.
NEW YORK ( TheStreet) -- The ex-dividend date for Earthlink (Nasdaq: ELNK) is tomorrow, June 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $7.64 as of 9:30 a.m. ET, the dividend yield is 2.4%. The average volume for Earthlink has been 729,100 shares per day over the past 30 days. Earthlink has a market cap of $826.3 million and is part of the technology sector and internet industry. Shares are up 19.6% year to date as of the close of trading on Monday. EarthLink, Inc., together with its subsidiaries, provides network, communications, and IT services to business and residential customers in the United States. The company operates in two reportable segments, Business Services and Consumer Services. The company has a P/E ratio of 19.4, below the average internet industry P/E ratio of 32.4 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Earthlink as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels, good cash flow from operations, 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 somewhat weak growth in earnings per share. You can view the full Earthlink Ratings Report. See our dividend calendar or top-yielding stocks list.