Granite Construction Stock To Go Ex-dividend Tomorrow (GVA)

NEW YORK ( TheStreet) -- The ex-dividend date for Granite Construction (NYSE: GVA) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $29.42 as of 9:30 a.m. ET, the dividend yield is 1.8%.

The average volume for Granite Construction has been 285,800 shares per day over the past 30 days. Granite Construction has a market cap of $1.05 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 24% year to date as of the close of trading on Monday.

Granite Construction Incorporated, through its subsidiaries, operates as a heavy civil contractor and a construction materials producer for public and private sector clients in the United States. The company has a P/E ratio of 21.6, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Granite Construction as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including relatively poor performance when compared with the S&P 500 during the past year and poor profit margins. You can view the full Granite Construction Ratings Report.

See our dividend calendar or top-yielding stocks list.
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