Apogee Stock To Go Ex-dividend Tomorrow (APOG)

NEW YORK ( TheStreet) -- The ex-dividend date for Apogee (Nasdaq: APOG) is tomorrow, May 15, 2012. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $15.78 as of 9:30 a.m. ET, the dividend yield is 2.2%.

The average volume for Apogee has been 123,500 shares per day over the past 30 days. Apogee has a market cap of $454.2 million and is part of the industrial goods sector and materials & construction industry. Shares are up 31.8% year to date as of the close of trading on Friday.

Apogee Enterprises, Inc., together with its subsidiaries, engages in the design and development of glass products, services, and systems. The company operates through two segments, Architectural Products and Services, and Large-Scale Optical Technologies. The company has a P/E ratio of 94.5, equal to the average materials & construction industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Apogee as a hold. 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 and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Apogee Ratings Report.

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