NEW YORK (
) -- The ex-dividend date for
) is tomorrow, February 24, 2011. Owners of shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $64.24 as of 9:31 a.m. ET, the dividend yield is 1.8%.
The average volume for Cooper has been one million shares per day over the past 30 days. Cooper has a market cap of $10.7 billion and is part of the
industry. Shares are up 10.3% year to date as of the close of trading on Tuesday.
Cooper Industries plc engages in the manufacture and sale of electrical products and tools in the United States and internationally. The company has a P/E ratio of 20.3, below the average conglomerates industry P/E ratio of 24.9 and below the S&P 500 P/E ratio of 23.2.
TheStreet Ratings rates Cooper as buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full