NEW YORK ( TheStreet) -- The ex-dividend date for Callaway Golf Company (NYSE: ELY) is tomorrow, February 16, 2011. Owners of shares as of market close today will be eligible for a dividend of 1 cent per share. At a price of $7.97 as of 9:31 a.m. ET, the dividend yield is 0.5%. The average volume for Callaway has been 586,800 shares per day over the past 30 days. Callaway has a market cap of $512 million and is part of the consumer goods sector and consumer durables industry. Shares are down 1.2% year to date as of the close of trading on Monday.

Callaway Golf Company, together with its subsidiaries, designs, manufactures, and sells golf clubs and golf balls in the United States and internationally. Its golf clubs product line includes drivers, fairway woods, hybrids, irons, wedges, putters.

TheStreet Ratings rates Callaway as hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and feeble growth in the company's earnings per share. You can view the full Callaway Ratings Report.