Corrections Corporation Of America Stock To Go Ex-dividend Tomorrow (CXW)

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 Corrections Corporation of America (NYSE: CXW) is tomorrow, April 17, 2013. Owners of shares as of market close today will be eligible for a dividend of $6.63 per share. At a price of $40.89 as of 9:30 a.m. ET, the dividend yield is 5.2%.

The average volume for Corrections Corporation of America has been 1.8 million shares per day over the past 30 days. Corrections Corporation of America has a market cap of $4.11 billion and is part of the services sector and diversified services industry. Shares are up 15% year to date as of the close of trading on Monday.

Corrections Corporation of America, together with its subsidiaries, owns and operates privatized correctional and detention facilities in the United States. The company has a P/E ratio of 26.1, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Corrections Corporation of America as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Corrections Corporation of America Ratings Report.

See our dividend calendar or top-yielding stocks list.

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