Lear Stock To Go Ex-dividend Tomorrow (LEA)

NEW YORK ( TheStreet) -- The ex-dividend date for Lear Corporation (NYSE: LEA) is tomorrow, June 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $38.28 as of 9:30 a.m. ET, the dividend yield is 1.4%.

The average volume for Lear has been 943,100 shares per day over the past 30 days. Lear has a market cap of $3.97 billion and is part of the consumer goods sector and automotive industry. Shares are up 0.1% year to date as of the close of trading on Friday.

Lear Corporation designs, manufactures, assembles, and supplies automotive seat systems, electrical distribution systems, and related components primarily to automotive original equipment manufacturers. It operates in two segments, Seating and Electrical Power Management Systems (EPMS). The company has a P/E ratio of eight, equal to the average automotive industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Lear as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and weak operating cash flow. You can view the full Lear Ratings Report.

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