SPX Stock To Go Ex-dividend Monday (SPW)

NEW YORK ( TheStreet) -- The ex-dividend date for SPX Corporation (NYSE: SPW) is Monday, December 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 $60.62 as of 9:30 a.m. ET, the dividend yield is 1.6%.

The average volume for SPX has been 694,200 shares per day over the past 30 days. SPX has a market cap of $3.19 billion and is part of the industrial goods sector and industrial industry. Shares are down 15.7% year to date as of the close of trading on Thursday.

SPX Corporation provides flow technology products, test and measurement products, thermal equipment and services, and industrial products and services worldwide. The company has a P/E ratio of 17.4, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates SPX as a hold. 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 and revenue growth. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself. You can view the full SPX Ratings Report.

See our dividend calendar or top-yielding stocks list.

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