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TheStreet Wire

Great Lakes Dredge & Dock Stock To Go Ex-dividend Tomorrow (GLDD)

By TheStreet Wire 03/06/12 - 08:49 AM EST

Find out if (GLDD) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- The ex-dividend date for Great Lakes Dredge & Dock Corporation (Nasdaq:GLDD) is tomorrow, March 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $7.13 as of 9:30 a.m. ET, the dividend yield is 1.2%.

The average volume for Great Lakes Dredge & Dock has been 290,100 shares per day over the past 30 days. Great Lakes Dredge & Dock has a market cap of $384.4 million and is part of the industrial goods sector and materials & construction industry. Shares are up 29.3% year to date as of the close of trading on Monday.

Great Lakes Dredge & Dock Corporation engages in the business of marine construction, primarily dredging, and commercial and industrial demolition principally in the east, west, and Gulf Coasts of the United States. It operates in two segments, Dredging and Demolition. The company has a P/E ratio of 25.3, above the average materials & construction industry P/E ratio of 23.3 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Great Lakes Dredge & Dock as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Great Lakes Dredge & Dock Ratings Report.

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