Mercadolibre Stock To Go Ex-dividend Tomorrow (MELI)

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 Mercadolibre (Nasdaq: MELI) is tomorrow, March 26, 2013. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $93.70 as of 10:01 a.m. ET, the dividend yield is 0.6%.

The average volume for Mercadolibre has been 564,900 shares per day over the past 30 days. Mercadolibre has a market cap of $4.19 billion and is part of the services sector and retail industry. Shares are up 20.1% year to date as of the close of trading on Friday.

MercadoLibre, Inc. hosts online commerce platforms in Latin America. Its services are designed to provide users with mechanisms for buying, selling, paying, collecting, generating leads, and comparing listings through e-commerce transactions. The company has a P/E ratio of 41.2, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Mercadolibre as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. 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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