Clarcor Stock To Go Ex-dividend Tomorrow (CLC)

NEW YORK (TheStreet) -- The ex-dividend date for Clarcor (NYSE:CLC) is tomorrow, April 4, 2012. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $48.90 as of 9:30 a.m. ET, the dividend yield is 1%.

The average volume for Clarcor has been 402,300 shares per day over the past 30 days. Clarcor has a market cap of $2.6 billion and is part of the industrial goods sector and industrial industry. Shares are down 2.1% year to date as of the close of trading on Monday.

CLARCOR Inc. provides filtration products, filtration systems and services, and consumer and industrial packaging products worldwide. The company has a P/E ratio of 20, below the average industrial industry P/E ratio of 21.4 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Clarcor as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Clarcor Ratings Report.

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