NEW YORK ( TheStreet) -- The ex-dividend date for Kaman Corporation (Nasdaq: KAMN) is tomorrow, June 16, 2011. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $32.91 as of 9:30 a.m. ET, the dividend yield is 1.7%.

The average volume for Kaman has been 146,500 shares per day over the past 30 days. Kaman has a market cap of $847.7 million and is part of the industrial goods sector and aerospace/defense industry. Shares are up 14.3% year to date as of the close of trading on Tuesday.

Kaman Corporation operates in the industrial distribution and aerospace markets. The company's Industrial Distribution segment distributes products, including bearings, mechanical and electrical power transmission, fluid power, motion control, and materials handling components. The company has a P/E ratio of 16.7, equal to the average aerospace/defense industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Kaman as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Kaman Ratings Report.

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