Kaydon Stock To Go Ex-dividend Tomorrow (KDN)

NEW YORK ( TheStreet) -- The ex-dividend date for Kaydon Corporation (NYSE: KDN) is tomorrow, March 27, 2012. Owners of shares as of market close today will be eligible for a dividend of $10.50 per share. At a price of $36.07 as of 9:34 a.m. ET, the dividend yield is 2.3%.

The average volume for Kaydon has been 191,600 shares per day over the past 30 days. Kaydon has a market cap of $1.09 billion and is part of the industrial goods sector and industrial industry. Shares are up 16.7% year to date as of the close of trading on Friday.

Kaydon Corporation engages in the design, manufacture, and sale of custom engineered, performance-critical products in the United States, Germany, and internationally. The company has a P/E ratio of 23.3, above the average industrial industry P/E ratio of 21 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Kaydon as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures 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 Kaydon Ratings Report.

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