Harman International Stock To Go Ex-dividend Tomorrow (HAR)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- The ex-dividend date for Harman International Industries (NYSE: HAR) is tomorrow, August 16, 2012. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $44.69 as of 9:30 a.m. ET, the dividend yield is 1.3%.

The average volume for Harman International has been one million shares per day over the past 30 days. Harman International has a market cap of $2.97 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 20.1% year to date as of the close of trading on Tuesday.

Harman International Industries, Incorporated engages in the development, manufacture, and marketing of audio products and electronic systems primarily in the United States, Germany, and other parts of Europe. The company has a P/E ratio of 10, below the average consumer durables industry P/E ratio of 10.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Harman International 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, notable return on equity, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Harman International Ratings Report.

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