NEW YORK (
) -- The ex-dividend date for
) is tomorrow, February 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $70.08 as of 9:30 a.m. ET, the dividend yield is 2.8%.
The average volume for L-3 has been 819,500 shares per day over the past 30 days. L-3 has a market cap of $7.02 billion and is part of the
industry. Shares are up 5.4% year to date as of the close of trading on Friday.
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 eight, equal to the average aerospace/defense industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates L-3 as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full