NEW YORK ( TheStreet) -- The ex-dividend date for Ceradyne (Nasdaq: CRDN) is tomorrow, June 1, 2012. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $25.31 as of 9:33 a.m. ET, the dividend yield is 2.4%. The average volume for Ceradyne has been 223,300 shares per day over the past 30 days. Ceradyne has a market cap of $618.9 million and is part of the industrial goods sector and industrial industry. Shares are down 4.8% year to date as of the close of trading on Wednesday. Ceradyne, Inc. engages in the development, manufacture, and market of technical ceramic products, ceramic powders, and components in the United States and internationally. The company has a P/E ratio of 9.8, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Ceradyne as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Ceradyne Ratings Report. See our dividend calendar or top-yielding stocks list.