Granite Construction Stock To Go Ex-dividend Tomorrow (GVA)

NEW YORK ( TheStreet) -- The ex-dividend date for Granite Construction (NYSE: GVA) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $23.17 as of 9:30 a.m. ET, the dividend yield is 2.2%.

The average volume for Granite Construction has been 281,100 shares per day over the past 30 days. Granite Construction has a market cap of $907.8 million and is part of the industrial goods sector and materials & construction industry. Shares are down 2.8% year to date as of the close of trading on Monday.

Granite Construction Incorporated, through its subsidiaries, operates as a heavy civil contractor and a construction materials producer for public and private sector clients in the United States. The company has a P/E ratio of 18.8, below the average materials & construction industry P/E ratio of 19.1 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Granite Construction 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 notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and poor profit margins. You can view the full Granite Construction Ratings Report.

See our dividend calendar or top-yielding stocks list.
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