NEW YORK ( TheStreet) -- The ex-dividend date for Kaydon Corporation (NYSE: KDN) is tomorrow, December 9, 2011. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $30.37 as of 9:30 a.m. ET, the dividend yield is 2.6%.

The average volume for Kaydon has been 301,400 shares per day over the past 30 days. Kaydon has a market cap of $998.3 million and is part of the industrial goods sector and industrial industry. Shares are down 24.6% year to date as of the close of trading on Wednesday.

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 19.5, above the average industrial industry P/E ratio of 19.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Kaydon as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth 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, disappointing return on equity and weak operating cash flow. You can view the full Kaydon Ratings Report.

See our dividend calendar or top-yielding stocks list.
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