Cooper Tire & Rubber Stock To Go Ex-dividend Tomorrow (CTB)

NEW YORK ( TheStreet) -- The ex-dividend date for Cooper Tire & Rubber Company (NYSE: CTB) is tomorrow, March 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $16.69 as of 9:30 a.m. ET, the dividend yield is 2.5%.

The average volume for Cooper Tire & Rubber has been 672,900 shares per day over the past 30 days. Cooper Tire & Rubber has a market cap of $971 million and is part of the consumer goods sector and consumer non-durables industry. Shares are up 18.5% year to date as of the close of trading on Wednesday.

Cooper Tire & Rubber Company, together with its subsidiaries, manufactures and markets replacement tires in North America and internationally. It operates in two segments, North American Tire Operations and International Tire Operations. The company has a P/E ratio of 4.2, below the average consumer non-durables industry P/E ratio of 11.6 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cooper Tire & Rubber as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and poor profit margins. You can view the full Cooper Tire & Rubber Ratings Report.

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