Praxair Stock To Go Ex-dividend Monday (PX)

NEW YORK ( TheStreet) -- The ex-dividend date for Praxair (NYSE: PX) is Monday, March 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $109.74 as of 9:30 a.m. ET, the dividend yield is 2%.

The average volume for Praxair has been 1.5 million shares per day over the past 30 days. Praxair has a market cap of $32.7 billion and is part of the basic materials sector and chemicals industry. Shares are up 2.7% year to date as of the close of trading on Thursday.

Praxair, Inc. engages in the production, sale, and distribution of industrial gases primarily in North America, South America, Europe, and Asia. The company has a P/E ratio of 20, below the average chemicals industry P/E ratio of 24.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Praxair as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Praxair Ratings Report.

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