Con-way Stock To Go Ex-dividend Tomorrow (CNW)

NEW YORK (TheStreet) -- The ex-dividend date for Con-way (NYSE:CNW) is tomorrow, May 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $34.15 as of 9:30 a.m. ET, the dividend yield is 1.2%.

The average volume for Con-way has been 761,600 shares per day over the past 30 days. Con-way has a market cap of $1.92 billion and is part of the services sector and transportation industry. Shares are up 18.2% year to date as of the close of trading on Wednesday.

Con-way Inc., together with its subsidiaries, provides transportation, logistics, and supply chain management services to various manufacturing, industrial, and retail customers in North America and internationally. The company has a P/E ratio of 18, below the average transportation industry P/E ratio of 18.1 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Con-way 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, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Con-way Ratings Report.

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