HDFC Stock To Go Ex-dividend Tomorrow (HDB)

NEW YORK ( TheStreet) -- The ex-dividend date for HDFC Bank (NYSE: HDB) is tomorrow, June 26, 2012. Owners of shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $30.26 as of 9:35 a.m. ET, the dividend yield is 0.7%.

The average volume for HDFC has been 785,500 shares per day over the past 30 days. HDFC has a market cap of $23.56 billion and is part of the financial sector and banking industry. Shares are up 14.9% year to date as of the close of trading on Friday.

HDFC Bank Limited, together with its subsidiaries, provides retail banking, wholesale banking, treasury, and other financial services to individual and business customers in India. The company has a P/E ratio of 25.8, above the average banking industry P/E ratio of 23.1 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates HDFC as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, increase in net income, impressive record of earnings per share growth 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 HDFC Ratings Report.

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