The ex-dividend date for AZZ (NYSE:AZZ) is tomorrow, October 12, 2011. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $41.33 as of 9:30 a.m., the dividend yield is 2.5%.
NEW YORK ( TheStreet) -- The ex-dividend date for AZZ (NYSE: AZZ) is tomorrow, October 12, 2011. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $41.33 as of 9:30 a.m. ET, the dividend yield is 2.5%. The average volume for AZZ has been 102,500 shares per day over the past 30 days. AZZ has a market cap of $499.4 million and is part of the industrial goods sector and industrial industry. Shares are up 4.5% year to date as of the close of trading on Monday. AZZ incorporated manufactures electrical equipment and components for power generation, transmission and distribution, and industrial markets primarily in the United States and Canada. It operates in two segments, Electrical and Industrial Products, and Galvanizing Services. The company has a P/E ratio of 13.2, 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 AZZ as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full AZZ Ratings Report. See our dividend calendar or top-yielding stocks list.