NEW YORK (

TheStreet

) -- The ex-dividend date for

Joy Global

(NYSE:

JOY

) is tomorrow, May 31, 2012. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $60.41 as of 9:30 a.m. ET, the dividend yield is 1.2%.

The average volume for Joy Global has been 2.6 million shares per day over the past 30 days. Joy Global has a market cap of $6.37 billion and is part of the

industrial goods

sector and

industrial

industry. Shares are down 16.9% 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 9.6, below the average industrial industry P/E ratio of 9.9 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Joy Global 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, compelling growth in net income, 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 shows weak operating cash flow. You can view the full

Joy Global Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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