NEW YORK (

TheStreet

) -- The ex-dividend date for

L-3 Communications Holdings

(NYSE:

LLL

) 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

industrial goods

sector and

aerospace/defense

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.

  • Sign up for TheStreet's FREE Dividend and Income Investor Newsletter

TheStreet Ratings rates L-3 as a

buy

. 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

L-3 Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

null