Luxottica Group Stock To Go Ex-dividend Monday (LUX)

NEW YORK ( TheStreet) -- The ex-dividend date for Luxottica Group (NYSE: LUX) is Monday, May 21, 2012. Owners of shares as of market close today will be eligible for a dividend of 51 cents per share. At a price of $33.34 as of 9:30 a.m. ET, the dividend yield is 1.5%.

The average volume for Luxottica Group has been 110,100 shares per day over the past 30 days. Luxottica Group has a market cap of $15.97 billion and is part of the services sector and specialty retail industry. Shares are up 20.3% year to date as of the close of trading on Thursday.

Luxottica Group S.p.A., together with its subsidiaries, provides fashion, luxury, and sports eyewear worldwide. The company operates in two segments, Manufacturing and Wholesale Distribution, and Retail Distribution. The company has a P/E ratio of 34.8, above the average specialty retail industry P/E ratio of 26.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Luxottica Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Luxottica Group Ratings Report.

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