The ex-dividend date for Verizon Communications (NYSE:VZ) is tomorrow, October 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 52 cents per share. At a price of $46.50 as of 9:30 a.m., the dividend yield is 4.5%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for Verizon Communications (NYSE: VZ) is tomorrow, October 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 52 cents per share. At a price of $46.50 as of 9:30 a.m. ET, the dividend yield is 4.5%. The average volume for Verizon has been 13.2 million shares per day over the past 30 days. Verizon has a market cap of $130.65 billion and is part of the technology sector and telecommunications industry. Shares are up 14.3% year to date as of the close of trading on Wednesday. Verizon Communications Inc. provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. The company has a P/E ratio of 45.4, equal to the average telecommunications industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Verizon as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Verizon Ratings Report. See our dividend calendar or top-yielding stocks list. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.