NEW YORK ( TheStreet) -- The ex-dividend date for Graco Incorporated (NYSE: GGG) is tomorrow, April 12, 2012. Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $52.11 as of 9:34 a.m. ET, the dividend yield is 1.7%. The average volume for Graco has been 345,500 shares per day over the past 30 days. Graco has a market cap of $3.21 billion and is part of the industrial goods sector and industrial industry. Shares are up 30.9% year to date as of the close of trading on Tuesday. Graco Inc. designs, manufactures, and markets systems and equipment to pump, meter, mix, and dispense various fluids and semi-solids worldwide. It operates in three segments: Industrial, Contractor, and Lubrication. The company has a P/E ratio of 23.3, above the average industrial industry P/E ratio of 23.1 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Graco 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, notable return on equity, growth in earnings per share and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Graco Ratings Report. See our dividend calendar or top-yielding stocks list.