NEW YORK (
) -- The ex-dividend date for
) is tomorrow, March 1, 2012. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $92.90 as of 9:30 a.m. ET, the dividend yield is 0.8%.
The average volume for Joy Global has been 1.8 million shares per day over the past 30 days. Joy Global has a market cap of $9.37 billion and is part of the
industry. Shares are up 22.4% year to date as of the close of trading on Tuesday.
Joy Global Inc. engages in the manufacture and servicing of mining equipment for the extraction of coal, copper, iron ore, oil sands, and other minerals. The company operates in two segments, Underground Mining Machinery and Surface Mining Equipment. The company has a P/E ratio of 15.4, below the average industrial industry P/E ratio of 15.6 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Joy Global as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, robust revenue growth, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full