Daktronics Stock To Go Ex-dividend Tomorrow (DAKT)
The ex-dividend date for Daktronics (Nasdaq:DAKT) is tomorrow, June 9, 2011. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $10.37 as of 11:37 a.m., the dividend yield is 1%.
NEW YORK ( TheStreet) -- The ex-dividend date for Daktronics (Nasdaq: DAKT) is tomorrow, June 9, 2011. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $10.37 as of 11:37 a.m. ET, the dividend yield is 1%. The average volume for Daktronics has been 189,000 shares per day over the past 30 days. Daktronics has a market cap of $440.5 million and is part of the industrial goods sector and industrial industry. Shares are down 34.5% year to date as of the close of trading on Tuesday. Daktronics, Inc., together with its subsidiaries, engages in the design, manufacture, and sale of various electronic display systems and related products, as well as the rendering of related maintenance and professional services worldwide. The company has a P/E ratio of 31.2, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Daktronics as a hold. 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 and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. You can view the full Daktronics Ratings Report. See our dividend calendar or top-yielding stocks list.