The ex-dividend date for Ceradyne (Nasdaq:CRDN) is tomorrow, March 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $31.51 as of 9:30 a.m., the dividend yield is 1.9%.
NEW YORK ( TheStreet) -- The ex-dividend date for Ceradyne (Nasdaq: CRDN) is tomorrow, March 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $31.51 as of 9:30 a.m. ET, the dividend yield is 1.9%. The average volume for Ceradyne has been 185,200 shares per day over the past 30 days. Ceradyne has a market cap of $777.3 million and is part of the industrial goods sector and industrial industry. Shares are up 15.8% year to date as of the close of trading on Wednesday. Ceradyne, Inc. engages in the development, manufacture, and market of technical ceramic products, ceramic powders, and components in the United States and internationally. The company has a P/E ratio of 9.2, below the average industrial industry P/E ratio of 10.6 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Ceradyne 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, compelling growth in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Ceradyne Ratings Report. See our dividend calendar or top-yielding stocks list.