Mercadolibre Stock To Go Ex-dividend Tomorrow (MELI)

NEW YORK ( TheStreet) -- The ex-dividend date for Mercadolibre (Nasdaq: MELI) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $73 as of 10:04 a.m. ET, the dividend yield is 0.6%.

The average volume for Mercadolibre has been 637,500 shares per day over the past 30 days. Mercadolibre has a market cap of $3.12 billion and is part of the services sector and diversified services industry. Shares are down 11.3% year to date as of the close of trading on Monday.

MercadoLibre, Inc., together with its subsidiaries, hosts online commerce and payments platforms in Latin America. Its services are designed to provide its users with mechanisms to buy, sell, pay for, and collect on e-commerce transactions. The company has a P/E ratio of 38, above the average diversified services industry P/E ratio of 37.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Mercadolibre as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Mercadolibre Ratings Report.

See our dividend calendar or top-yielding stocks list.

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