The ex-dividend date for SPX Corporation (NYSE:SPW) is Monday, December 10, 2012. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $68.32 as of 9:30 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 Monday, December 10, 2012. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $68.32 as of 9:30 a.m. ET, the dividend yield is 1.5%. The average volume for SPX has been 618,100 shares per day over the past 30 days. SPX has a market cap of $3.48 billion and is part of the industrial goods sector and industrial industry. Shares are up 13.6% year to date as of the close of trading on Thursday. 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 22.3, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates SPX as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, increase in stock price during the past year, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full SPX Ratings Report. See our dividend calendar or top-yielding stocks list. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.