UTi Worldwide Stock To Go Ex-dividend Tomorrow (UTIW)

NEW YORK ( TheStreet) -- The ex-dividend date for UTi Worldwide (Nasdaq: UTIW) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $13.88 as of 9:30 a.m. ET, the dividend yield is 0.4%.

The average volume for UTi Worldwide has been 393,500 shares per day over the past 30 days. UTi Worldwide has a market cap of $1.48 billion and is part of the services sector and transportation industry. Shares are up 3.8% year to date as of the close of trading on Monday.

UTi Worldwide Inc., through its subsidiaries, operates as a supply chain services and solutions company worldwide. Its supply chain planning and optimization services help its clients in designing and implementing solutions for their supply chains. The company has a P/E ratio of 19.3, equal to the average transportation industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates UTi Worldwide as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations 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 UTi Worldwide Ratings Report.

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