Flowserve Stock To Go Ex-dividend Tomorrow (FLS)

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 Flowserve Corporation (NYSE: FLS) is tomorrow, September 26, 2012. Owners of shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $131.70 as of 9:30 a.m. ET, the dividend yield is 1.1%.

The average volume for Flowserve has been 542,500 shares per day over the past 30 days. Flowserve has a market cap of $6.75 billion and is part of the industrial goods sector and industrial industry. Shares are up 32.9% 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 16.9, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Flowserve as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Flowserve Ratings Report.

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