NEW YORK ( TheStreet) -- The ex-dividend date for ABB (NYSE: ABB) is tomorrow, May 3, 2011. Owners of shares as of market close today will be eligible for a dividend of 63 cents per share. At a price of $27.35 as of 10:41 a.m. ET, the dividend yield is 4.1%.

The average volume for ABB has been 2.5 million shares per day over the past 30 days. ABB has a market cap of $62.3 billion and is part of the industrial goods sector and industrial industry. Shares are up 22.4% year to date as of the close of trading on Friday.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. The company's Power Products division manufactures and sells high- and medium-voltage switchgear and apparatus, circuit breakers, power and distribution transformers, and sensors. The company has a P/E ratio of 24.6, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.
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TheStreet Ratings rates ABB as a buy. 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, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full ABB Ratings Report.

See our dividend calendar or top-yielding stocks list.

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