NEW YORK ( TheStreet) -- The ex-dividend date for Belden (NYSE: BDC) is tomorrow, August 31, 2011. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $29.39 as of 10:08 a.m. ET, the dividend yield is 0.7%. The average volume for Belden has been 306,300 shares per day over the past 30 days. Belden has a market cap of $1.4 billion and is part of the industrial goods sector and industrial industry. Shares are down 19% year to date as of the close of trading on Monday. Belden Inc. designs, manufactures, and markets cable, connectivity, and networking products in various markets, including industrial automation, enterprise, transportation, infrastructure, and consumer electronics. The company has a P/E ratio of 15.3, above the average industrial industry P/E ratio of 10.3 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Belden 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 good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Belden Ratings Report. See our dividend calendar or top-yielding stocks list.