NEW YORK ( TheStreet) -- The ex-dividend date for Martin Marietta Materials (NYSE: MLM) is tomorrow, November 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $73.56 as of 9:30 a.m. ET, the dividend yield is 2.3%.

The average volume for Martin Marietta has been 488,500 shares per day over the past 30 days. Martin Marietta has a market cap of $3.35 billion and is part of the industrial goods sector and materials & construction industry. Shares are down 22.3% year to date as of the close of trading on Friday.

Martin Marietta Materials, Inc., together with its subsidiaries, engages in the production and sale of aggregates for the construction industry primarily in the United States, Canada, the Bahamas, and the Caribbean Islands. The company has a P/E ratio of 39.6, below the average materials & construction industry P/E ratio of 41.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Martin Marietta as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and premium valuation. You can view the full Martin Marietta Ratings Report.

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