NEW YORK ( TheStreet) -- The ex-dividend date for Donaldson Company (NYSE: DCI) is tomorrow, June 6, 2012. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $34.07 as of 9:30 a.m. ET, the dividend yield is 1%. The average volume for Donaldson has been 523,700 shares per day over the past 30 days. Donaldson has a market cap of $5.16 billion and is part of the industrial goods sector and industrial industry. Shares are up 0.4% year to date as of the close of trading on Monday. Donaldson Company, Inc. engages in the manufacture and sale of filtration systems and replacement parts worldwide. The company operates in two segments, Engine Products and Industrial Products. The company has a P/E ratio of 20.5, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Donaldson as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Donaldson Ratings Report. See our dividend calendar or top-yielding stocks list.