The ex-dividend date for SPX Corporation (NYSE:SPW) is tomorrow, September 12, 2012. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $64.15 as of 9:34 a.m., the dividend yield is 1.5%.
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 SPX Corporation (NYSE: SPW) is tomorrow, September 12, 2012. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $64.15 as of 9:34 a.m. ET, the dividend yield is 1.5%. The average volume for SPX has been 558,300 shares per day over the past 30 days. SPX has a market cap of $3.19 billion and is part of the industrial goods sector and industrial industry. Shares are up 7.1% year to date as of the close of trading on Monday. SPX Corporation provides flow technology products, test and measurement products, thermal equipment and services, and industrial products and services worldwide. The company has a P/E ratio of 21.6, above the average industrial industry P/E ratio of 17.4 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates SPX as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full SPX Ratings Report. See our dividend calendar or top-yielding stocks list. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.