NEW YORK ( TheStreet) -- The ex-dividend date for Graco Incorporated (NYSE: GGG) is tomorrow, January 12, 2012. Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $41.52 as of 9:35 a.m. ET, the dividend yield is 2.3%. The average volume for Graco has been 303,800 shares per day over the past 30 days. Graco has a market cap of $2.39 billion and is part of the industrial goods sector and industrial industry. Shares are down 1.1% year to date as of the close of trading on Tuesday. Graco Inc. designs, manufactures, and markets systems and equipment to move, measure, control, dispense, and spray fluid materials. It operates in three segments: Industrial, Contractor, and Lubrication. The company has a P/E ratio of 17.7, equal to the average industrial industry P/E ratio and equal to the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Graco as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, robust revenue growth, notable return on equity, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Graco Ratings Report. See our dividend calendar or top-yielding stocks list.