NEW YORK ( TheStreet) -- The ex-dividend date for Valmont Industries (NYSE: VMI) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $114.21 as of 9:33 a.m. ET, the dividend yield is 0.8%. The average volume for Valmont has been 193,100 shares per day over the past 30 days. Valmont has a market cap of $3.08 billion and is part of the industrial goods sector and industrial industry. Shares are up 25.9% year to date as of the close of trading on Monday. Valmont Industries, Inc. produces and sells fabricated metal products, pole and tower structures, and mechanized irrigation systems in the United States and internationally. The company has a P/E ratio of 12.1, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Valmont as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Valmont Ratings Report. See our dividend calendar or top-yielding stocks list.