NEW YORK (

TheStreet

) -- The ex-dividend date for

Flowserve Corporation

(NYSE:

FLS

) is tomorrow, March 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 32 cents per share. At a price of $125.84 as of 9:31 a.m. ET, the dividend yield is 1%.

The average volume for Flowserve has been 619,500 shares per day over the past 30 days. Flowserve has a market cap of $7 billion and is part of the

industrial goods

sector and

industrial

industry. Shares are up 5.3% year to date as of the close of trading on Friday.

Flowserve Corporation develops, manufactures, and sells precision-engineered flow control equipment, as well as provides a range of aftermarket equipment services. The company operates in three divisions: Flowserve Pump, Flow Control, and Flow Solutions. The company has a P/E ratio of 18.2, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 16.2.

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

Flowserve Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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