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 13 cents per share. At a price of $46.39 as of 9:30 a.m. ET, the dividend yield is 1.1%.
The average volume for Lear has been 1.2 million shares per day over the past 30 days. Lear has a market cap of $4.6 billion and is part of the
industry. Shares are down 5.4% year to date as of the close of trading on Monday.
Lear Corporation engages in the design and manufacture of automotive seat systems and related components for automobiles and light trucks. Its seat components include mechanisms, seat trim covers, and seat foams. The company has a P/E ratio of 8.7, equal to the average automotive industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Lear as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. You can view the full