NEW YORK ( TheStreet) -- The ex-dividend date for Pall Corporation (NYSE: PLL) is tomorrow, October 11, 2011. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $47.32 as of 9:30 a.m. ET, the dividend yield is 1.6%.

The average volume for Pall has been two million shares per day over the past 30 days. Pall has a market cap of $5 billion and is part of the industrial goods sector and industrial industry. Shares are down 9.2% year to date as of the close of trading on Friday.

Pall Corporation manufactures and markets filtration, purification, and separation products and integrated systems solutions worldwide. The company has a P/E ratio of 16.2, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Pall as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Pall Ratings Report.

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