Praxair Stock To Go Ex-dividend Tomorrow (PX)

NEW YORK ( TheStreet) -- The ex-dividend date for Praxair (NYSE: PX) is tomorrow, June 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $103.51 as of 9:30 a.m. ET, the dividend yield is 2%.

The average volume for Praxair has been 1.2 million shares per day over the past 30 days. Praxair has a market cap of $31.73 billion and is part of the basic materials sector and chemicals industry. Shares are down 3.2% year to date as of the close of trading on Friday.

Praxair, Inc. engages in the production, distribution, and sale atmospheric and process gases, as well as surface coatings in North America, Europe, South America, and Asia. The company has a P/E ratio of 19.2, equal to the average chemicals industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Praxair as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, growth in earnings per share, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Praxair Ratings Report.

See our dividend calendar or top-yielding stocks list.
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