NEW YORK (
) -- The ex-dividend date for
) is tomorrow, May 30, 2012. Owners of shares as of market close today will be eligible for a dividend of $1.55 per share. At a price of $125.51 as of 9:30 a.m. ET, the dividend yield is 5%.
The average volume for Lorillard has been 1.1 million shares per day over the past 30 days. Lorillard has a market cap of $16.29 billion and is part of the
industry. Shares are up 9.5% year to date as of the close of trading on Friday.
Lorillard, Inc., through its subsidiaries, manufactures and sells cigarettes in the United States. It markets approximately 43 product offerings in various brand names, including Newport, Kent, True, Maverick, and Old Gold. The company has a P/E ratio of 15.9, above the average tobacco industry P/E ratio of 15.6 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 and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full