Alexander & Baldwin Stock To Go Ex-dividend Tomorrow (ALEX)

NEW YORK ( TheStreet) -- The ex-dividend date for Alexander & Baldwin (NYSE: ALEX) is tomorrow, May 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 32 cents per share. At a price of $51.86 as of 9:30 a.m. ET, the dividend yield is 2.4%.

The average volume for Alexander & Baldwin has been 282,300 shares per day over the past 30 days. Alexander & Baldwin has a market cap of $2.22 billion and is part of the services sector and transportation industry. Shares are up 27.7% year to date as of the close of trading on Friday.

Alexander & Baldwin, Inc., together with its subsidiaries, operates in transportation, real estate, and agribusiness industries in the United States and internationally. The company has a P/E ratio of 40.2, below the average transportation industry P/E ratio of 65.1 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Alexander & Baldwin as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Alexander & Baldwin Ratings Report.

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