The ex-dividend date for Flowserve Corporation (NYSE:FLS) is tomorrow, March 26, 2013. Owners of shares as of market close today will be eligible for a dividend of 42 cents per share. At a price of $166.63 as of 9:30 a.m., the dividend yield is 1%.
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, March 26, 2013. Owners of shares as of market close today will be eligible for a dividend of 42 cents per share. At a price of $166.63 as of 9:30 a.m. ET, the dividend yield is 1%. The average volume for Flowserve has been 412,700 shares per day over the past 30 days. Flowserve has a market cap of $8.14 billion and is part of the industrial goods sector and industrial industry. Shares are up 12.9% year to date as of the close of trading on Friday. Flowserve Corporation engages in the design, manufacture, distribution, and service of industrial flow management equipment. The company has a P/E ratio of 19.9, above 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 revenue growth, solid stock price performance, growth in earnings per share, increase in net income and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Flowserve Ratings Report. See our dividend calendar or top-yielding stocks list. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.