NEW YORK ( TheStreet) -- The ex-dividend date for Boeing (NYSE: BA) is tomorrow, May 9, 2012. Owners of shares as of market close today will be eligible for a dividend of 44 cents per share. At a price of $75.38 as of 9:30 a.m. ET, the dividend yield is 2.3%. The average volume for Boeing has been 4.2 million shares per day over the past 30 days. Boeing has a market cap of $56.81 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 3.4% year to date as of the close of trading on Monday. The Boeing Company, together with its subsidiaries, engages in the design, development, manufacture, sale, and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company has a P/E ratio of 13.1, equal to the average aerospace/defense industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Boeing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, compelling growth in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Boeing Ratings Report. See our dividend calendar or top-yielding stocks list.