NEW YORK (
) -- The ex-dividend date for
) is tomorrow, February 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $46.03 as of 9:30 a.m. ET, the dividend yield is 1.2%.
The average volume for Lear has been 1.5 million shares per day over the past 30 days. Lear has a market cap of $4.34 billion and is part of the
industry. Shares are up 15.8% year to date as of the close of trading on Monday.
Lear Corporation designs, manufactures, assembles, and supplies automotive seat systems, electrical distribution systems, and related components primarily to automotive original equipment manufacturers. It operates in two segments, Seating and Electrical Power Management Systems (EPMS). The company has a P/E ratio of 9.2, above the average automotive industry P/E ratio of 8.3 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full