NEW YORK (

TheStreet

) -- The ex-dividend date for

ITT Corporation

(NYSE:

ITT

) is tomorrow, August 24, 2011. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $42.60 as of 9:43 a.m. ET, the dividend yield is 2.3%.

The average volume for ITT has been 1.5 million shares per day over the past 30 days. ITT has a market cap of $8.1 billion and is part of the

industrial goods

sector and

industrial

industry. Shares are down 17.6% year to date as of the close of trading on Monday.

TheStreet Recommends

ITT Corporation designs, manufactures, and sells a range of engineered products, and provides related services worldwide. The company has a P/E ratio of 14.1, above the average industrial industry P/E ratio of 11.6 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates ITT as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and disappointing return on equity. You can view the full

ITT Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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