NEW YORK (

TheStreet

) -- The ex-dividend date for

AAR

(NYSE:

AIR

) is tomorrow, January 26, 2012. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $21.03 as of 9:30 a.m. ET, the dividend yield is 1.4%.

The average volume for AAR has been 288,200 shares per day over the past 30 days. AAR has a market cap of $853.2 million and is part of the

industrial goods

sector and

aerospace/defense

industry. Shares are up 10.1% year to date as of the close of trading on Tuesday.

AAR CORP. provides products and services to aviation, government, and defense markets worldwide. The company's Aviation Supply Chain segment purchases and sells new, overhauled, and repaired engine and airframe parts and components. The company has a P/E ratio of 11.5, below the average aerospace/defense industry P/E ratio of 11.8 and below the S&P 500 P/E ratio of 17.7.

  • Sign up for TheStreet's FREE Dividend and Income Investor Newsletter

TheStreet Ratings rates AAR as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. You can view the full

AAR Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

null