The ex-dividend date for Kennametal (NYSE:KMT) is tomorrow, May 4, 2012. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $42.11 as of 9:35 a.m., the dividend yield is 1.3%.
NEW YORK ( TheStreet) -- The ex-dividend date for Kennametal (NYSE: KMT) is tomorrow, May 4, 2012. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $42.11 as of 9:35 a.m. ET, the dividend yield is 1.3%. The average volume for Kennametal has been 673,200 shares per day over the past 30 days. Kennametal has a market cap of $3.35 billion and is part of the industrial goods sector and industrial industry. Shares are up 15.3% year to date as of the close of trading on Wednesday. Kennametal Inc. manufactures and supplies tooling, engineered components, and advanced materials consumed in production processes worldwide. The company has a P/E ratio of 11.2, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Kennametal as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Kennametal Ratings Report. See our dividend calendar or top-yielding stocks list.