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, January 8, 2013. Owners of shares as of market close today will be eligible for a dividend of 52 cents per share. At a price of $44.21 as of 9:30 a.m. ET, the dividend yield is 4.7%. The average volume for Verizon has been 12.7 million shares per day over the past 30 days. Verizon has a market cap of $125.74 billion and is part of the technology sector and telecommunications industry. Shares are up 2.4% year to date as of the close of trading on Friday. 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 40.8, above the S&P 500 P/E ratio of 17.7.
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