NEW YORK ( TheStreet) -- The ex-dividend date for Flowserve Corporation (NYSE: FLS) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $107.15 as of 9:30 a.m. ET, the dividend yield is 1.3%. The average volume for Flowserve has been 572,900 shares per day over the past 30 days. Flowserve has a market cap of $5.88 billion and is part of the industrial goods sector and industrial industry. Shares are up 8.3% year to date as of the close of trading on Monday. Flowserve Corporation engages in the design, manufacture, distribution, and service of industrial flow management equipment. The company operates in three segments: FSG Engineered Product, FSG Industrial Product, and Flow Control. The company has a P/E ratio of 14.1, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Flowserve as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Flowserve Ratings Report. See our dividend calendar or top-yielding stocks list.