NEW YORK (
) -- The ex-dividend date for
L-3 Communications Holdings Inc
) is tomorrow, February 25, 2011. Owners of shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $79.57 as of 9:31 a.m. ET, the dividend yield is 2.3%.
The average volume for L-3 has been one million shares per day over the past 30 days. L-3 has a market cap of $9 billion and is part of the
industry. Shares are up 12.7% year to date as of the close of trading on Wednesday.
L-3 Communications Holdings, Inc. provides command, control, communications, intelligence, surveillance, and reconnaissance (C3ISR) systems; aircraft modernization and maintenance; and government services in the United States and internationally. The company has a P/E ratio of 9.6, equal to the average aerospace/defense industry P/E ratio and below the S&P 500 P/E ratio of 22.7.
TheStreet Ratings rates L-3 as buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full