NEW YORK (
) -- The ex-dividend date for
) is tomorrow, August 31, 2011. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $80.58 as of 9:30 a.m. ET, the dividend yield is 0.9%.
The average volume for Joy Global has been 2.1 million shares per day over the past 30 days. Joy Global has a market cap of $8 billion and is part of the
industry. Shares are down 6.8% year to date as of the close of trading on Monday.
Joy Global Inc. engages in the manufacture and servicing of mining equipment for the extraction coal, copper, iron ore, oil sands, and other minerals worldwide. The company operates in two segments, Underground Mining Machinery and Surface Mining Equipment. The company has a P/E ratio of 15.2, equal to the average industrial industry P/E ratio 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full