FreightCar America Stock To Go Ex-dividend Tomorrow (RAIL)

NEW YORK ( TheStreet) -- The ex-dividend date for FreightCar America (Nasdaq: RAIL) is tomorrow, May 23, 2012. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $20.11 as of 9:59 a.m. ET, the dividend yield is 1.2%.

The average volume for FreightCar America has been 188,700 shares per day over the past 30 days. FreightCar America has a market cap of $237.4 million and is part of the services sector and transportation industry. Shares are down 7.9% year to date as of the close of trading on Monday.

FreightCar America, Inc., through its subsidiaries, designs, manufactures, and sells railroad freight cars primarily for railroads, shippers, and financial institutions in North America. The company has a P/E ratio of 14.5, below the average transportation industry P/E ratio of 14.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates FreightCar America as a hold. The company's strengths can be seen in multiple areas, such as its robust 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 also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. You can view the full FreightCar America Ratings Report.

See our dividend calendar or top-yielding stocks list.

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