Valmont Stock To Go Ex-dividend Tomorrow (VMI)

NEW YORK ( TheStreet) -- The ex-dividend date for Valmont Industries (NYSE: VMI) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $118.36 as of 11:14 a.m. ET, the dividend yield is 0.6%.

The average volume for Valmont has been 112,000 shares per day over the past 30 days. Valmont has a market cap of $2.71 billion and is part of the industrial goods sector and industrial industry. Shares are up 29.8% year to date as of the close of trading on Monday.

Valmont Industries, Inc. produces and sells fabricated metal products, pole and tower structures, and mechanized irrigation systems in the United States and internationally. The company has a P/E ratio of 13.3, below the average industrial industry P/E ratio of 18.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Valmont as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Valmont Ratings Report.

See our dividend calendar or top-yielding stocks list.

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