NEW YORK ( TheStreet) -- The ex-dividend date for Lindsay (NYSE: LNN) is Monday, November 14, 2011. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $59.33 as of 9:34 a.m. ET, the dividend yield is 0.6%. The average volume for Lindsay has been 186,200 shares per day over the past 30 days. Lindsay has a market cap of $740.2 million and is part of the industrial goods sector and industrial industry. Shares are down 1.6% year to date as of the close of trading on Thursday. Lindsay Corporation designs, manufactures, and sells irrigation systems that are primarily used in the agricultural industry to increase or stabilize crop production while conserving water, energy, and labor in the United States and internationally. The company has a P/E ratio of 20.1, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
Practice your dividend trading strategies and win cash in our stock game.
TheStreet Ratings rates Lindsay as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Lindsay Ratings Report. See our dividend calendar or top-yielding stocks list.