NEW YORK ( TheStreet) -- The ex-dividend date for Callaway Golf Company (NYSE: ELY) is tomorrow, May 16, 2012. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $5.43 as of 9:30 a.m. ET, the dividend yield is 0.7%.

The average volume for Callaway has been 608,400 shares per day over the past 30 days. Callaway has a market cap of $354.4 million and is part of the consumer goods sector and consumer durables industry. Shares are down 1.4% year to date as of the close of trading on Monday.

Callaway Golf Company, together with its subsidiaries, designs, manufactures, and sells golf clubs and golf balls. The company's golf clubs include drivers, fairway woods, hybrids, irons, wedges, and putters.

TheStreet Ratings rates Callaway as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Callaway Ratings Report.

See our dividend calendar or top-yielding stocks list.