NEW YORK ( TheStreet) -- The ex-dividend date for Great Lakes Dredge & Dock Corporation (Nasdaq: GLDD) is tomorrow, June 8, 2011. Owners of shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $5.62 as of 11:07 a.m. ET, the dividend yield is 1.4%.

The average volume for Great Lakes Dredge & Dock has been 440,000 shares per day over the past 30 days. Great Lakes Dredge & Dock has a market cap of $342.9 million and is part of the industrial goods sector and materials & construction industry. Shares are down 24.7% year to date as of the close of trading on Monday.

Great Lakes Dredge & Dock Corporation engages in the business of marine construction, primarily dredging, and commercial and industrial demolition principally in the east, west, and Gulf Coasts of the United States. It operates in two segments, Dredging and Demolition. The company has a P/E ratio of 12.4, equal to the average materials & construction industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Great Lakes Dredge & Dock as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow. You can view the full Great Lakes Dredge & Dock Ratings Report.

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