Lorillard Stock To Go Ex-dividend Tomorrow (LO)

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NEW YORK ( TheStreet) -- The ex-dividend date for Lorillard (NYSE: LO) is tomorrow, November 28, 2012. Owners of shares as of market close today will be eligible for a dividend of $1.55 per share. At a price of $121.71 as of 9:30 a.m. ET, the dividend yield is 5%.

The average volume for Lorillard has been 1.1 million shares per day over the past 30 days. Lorillard has a market cap of $15.96 billion and is part of the consumer goods sector and tobacco industry. Shares are up 8.1% year to date as of the close of trading on Monday.

Lorillard, Inc., through its subsidiaries, manufactures and sells cigarettes in the United States. It markets approximately 43 product offerings in various brand names, including Newport, Kent, True, Maverick, and Old Gold. The company has a P/E ratio of 15, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Lorillard as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, growth in earnings per share, increase in net income and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Lorillard Ratings Report.

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