Lindsay Stock To Go Ex-dividend Tomorrow (LNN)

NEW YORK ( TheStreet) -- The ex-dividend date for Lindsay (NYSE: LNN) 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 $61.47 as of 9:34 a.m. ET, the dividend yield is 0.6%.

The average volume for Lindsay has been 141,300 shares per day over the past 30 days. Lindsay has a market cap of $786.7 million and is part of the industrial goods sector and industrial industry. Shares are up 13.2% year to date as of the close of trading on Friday.

Lindsay Corporation designs, manufactures, and sells irrigation systems that are primarily used in the agricultural industry to increase or stabilize crop production while conserving water, energy, and labor in the United States and internationally. The company has a P/E ratio of 21.3, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Lindsay as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Lindsay Ratings Report.

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