NEW YORK (
) -- The ex-dividend date for
) is tomorrow, August 30, 2011. Owners of shares as of market close today will be eligible for a dividend of $1.30 per share. At a price of $112.16 as of 9:35 a.m. ET, the dividend yield is 4.8%.
The average volume for Lorillard has been 2.1 million shares per day over the past 30 days. Lorillard has a market cap of $15.1 billion and is part of the
industry. Shares are up 34.2% year to date as of the close of trading on Friday.
Lorillard, Inc., through its subsidiaries, engages in the manufacture and sale of cigarettes in the United States. The company offers 43 different product offerings under the Newport, Kent, True, Maverick, and Old Gold brand names. Lorillard, Inc. The company has a P/E ratio of 14.9, equal to the average tobacco industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Lorillard 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, solid stock price performance, impressive record of earnings per share growth and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full