NEW YORK ( TheStreet) -- The ex-dividend date for Belden (NYSE: BDC) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $38.61 as of 9:30 a.m. ET, the dividend yield is 0.5%. The average volume for Belden has been 267,400 shares per day over the past 30 days. Belden has a market cap of $1.84 billion and is part of the industrial goods sector and industrial industry. Shares are up 16% year to date as of the close of trading on Friday. Belden Inc. designs, manufactures, and markets cable, connectivity, and networking products in various markets, including industrial, enterprise, enterprise, broadcast, and consumer electronics. Its products provide the transmission of signals for data, sound, and video applications. The company has a P/E ratio of 15.9, above the average industrial industry P/E ratio of 13.2 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Belden as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Belden Ratings Report. See our dividend calendar or top-yielding stocks list.