Alliant Techsystems Stock To Go Ex-dividend Tomorrow (ATK)
The ex-dividend date for Alliant Techsystems (NYSE:ATK) is tomorrow, June 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $47.50 as of 9:30 a.m., the dividend yield is 1.6%.
NEW YORK ( TheStreet) -- The ex-dividend date for Alliant Techsystems (NYSE: ATK) is tomorrow, June 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $47.50 as of 9:30 a.m. ET, the dividend yield is 1.6%. The average volume for Alliant Techsystems has been 357,600 shares per day over the past 30 days. Alliant Techsystems has a market cap of $1.57 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are down 17.3% year to date as of the close of trading on Tuesday. Alliant Techsystems Inc. engages in the provision of aerospace, defense, and commercial products to the U.S. government, allied nations, and prime contractors. The company also supplies ammunition and related accessories to law enforcement agencies and commercial customers. The company has a P/E ratio of six, equal to the average aerospace/defense industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Alliant Techsystems as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, poor profit margins and weak operating cash flow. You can view the full Alliant Techsystems Ratings Report. See our dividend calendar or top-yielding stocks list.