SPX Stock To Go Ex-dividend Monday (SPW)

NEW YORK ( TheStreet) -- The ex-dividend date for SPX Corporation (NYSE: SPW) is Monday, March 12, 2012. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $74.32 as of 9:35 a.m. ET, the dividend yield is 1.4%.

The average volume for SPX has been 666,900 shares per day over the past 30 days. SPX has a market cap of $3.44 billion and is part of the industrial goods sector and industrial industry. Shares are up 23.4% 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 20.5, above the average industrial industry P/E ratio of 18.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates SPX as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full SPX Ratings Report.

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