NEW YORK (

TheStreet

) -- The ex-dividend date for

Fluor Corporation

(NYSE:

FLR

) is tomorrow, May 31, 2012. Owners of shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $49.88 as of 9:30 a.m. ET, the dividend yield is 1.3%.

The average volume for Fluor has been 1.8 million shares per day over the past 30 days. Fluor has a market cap of $8.41 billion and is part of the

industrial goods

sector and

materials & construction

industry. Shares are up 0.5% year to date as of the close of trading on Tuesday.

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, maintenance, and project management services worldwide. The company has a P/E ratio of 14.1, equal to the average materials & construction industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Fluor as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, notable return on equity, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full

Fluor Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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