Flowserve Stock To Go Ex-dividend Tomorrow (FLS)

NEW YORK ( TheStreet) -- The ex-dividend date for Flowserve Corporation (NYSE: FLS) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $115.59 as of 9:30 a.m. ET, the dividend yield is 1.3%.

The average volume for Flowserve has been 484,200 shares per day over the past 30 days. Flowserve has a market cap of $5.98 billion and is part of the industrial goods sector and industrial industry. Shares are up 16.5% year to date as of the close of trading on Monday.

Flowserve Corporation engages in the design, manufacture, distribution, and service of industrial flow management equipment. The company operates in three segments: FSG Engineered Product, FSG Industrial Product, and Flow Control. The company has a P/E ratio of 14.8, above the average industrial industry P/E ratio of 14.6 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Flowserve as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, notable return on equity 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 Flowserve Ratings Report.

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