The ex-dividend date for Cubic Corporation (NYSE:CUB) is tomorrow, August 24, 2011. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $38.65 as of 9:41 a.m., the dividend yield is 0.5%.
NEW YORK ( TheStreet) -- The ex-dividend date for Cubic Corporation (NYSE: CUB) is tomorrow, August 24, 2011. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $38.65 as of 9:41 a.m. ET, the dividend yield is 0.5%. The average volume for Cubic has been 104,500 shares per day over the past 30 days. Cubic has a market cap of $1.1 billion and is part of the technology sector and electronics industry. Shares are down 17.2% year to date as of the close of trading on Monday. Cubic Corporation engages in the design, development, manufacture, integration, installation, operation, maintenance, and support of defense electronics and transportation fare collection systems worldwide. The company has a P/E ratio of 14.3, above the average electronics industry P/E ratio of 13.6 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Cubic as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Cubic Ratings Report. See our dividend calendar or top-yielding stocks list.