Lexmark International Stock To Go Ex-dividend Tomorrow (LXK)
The ex-dividend date for Lexmark International (NYSE:LXK) is tomorrow, May 29, 2013. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $30.71 as of 9:31 a.m., the dividend yield is 4%.
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 Lexmark International (NYSE: LXK) is tomorrow, May 29, 2013. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $30.71 as of 9:31 a.m. ET, the dividend yield is 4%. The average volume for Lexmark International has been 1.1 million shares per day over the past 30 days. Lexmark International has a market cap of $1.91 billion and is part of the technology sector and computer hardware industry. Shares are up 30.4% year to date as of the close of trading on Friday. Lexmark International, Inc. develops, manufactures, and supplies printing and imaging solutions for offices. It offers laser printers, inkjet printers, and multifunction devices, as well as cartridges and other supplies, services, and solutions. The company has a P/E ratio of 24.6, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Lexmark International as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Lexmark International Ratings Report. See our dividend calendar or top-yielding stocks list. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.