NEW YORK ( TheStreet) -- The ex-dividend date for Kaydon Corporation (NYSE: KDN) is tomorrow, September 8, 2011. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $32.13 as of 9:30 a.m. ET, the dividend yield is 2.5%. The average volume for Kaydon has been 275,500 shares per day over the past 30 days. Kaydon has a market cap of $1 billion and is part of the industrial goods sector and industrial industry. Shares are down 22.5% year to date as of the close of trading on Tuesday. Kaydon Corporation engages in the design, manufacture, and sale of custom engineered, and performance-critical products in the United States, Germany, and internationally. The company has a P/E ratio of 20.8, above the average industrial industry P/E ratio of 19.6 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Kaydon as a buy. 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 expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Kaydon Ratings Report. See our dividend calendar or top-yielding stocks list.