The ex-dividend date for Lorillard (NYSE:LO) is tomorrow, May 29, 2013. Owners of shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $44.16 as of 9:30 a.m., the dividend yield is 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 Lorillard (NYSE: LO) is tomorrow, May 29, 2013. Owners of shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $44.16 as of 9:30 a.m. ET, the dividend yield is 5%. The average volume for Lorillard has been 3.3 million shares per day over the past 30 days. Lorillard has a market cap of $16.58 billion and is part of the consumer goods sector and tobacco industry. Shares are up 12.8% year to date as of the close of trading on Friday. Lorillard, Inc. manufactures and sells cigarettes in the United States. The company operates through two segments, Cigarettes and Electronic Cigarettes. The Cigarettes segment manufactures and sells cigarettes. The company has a P/E ratio of 14.1, 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 impressive record of earnings per share growth, increase in net income, revenue growth, expanding profit margins and good cash flow from operations. 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 Lorillard Ratings Report. See our dividend calendar or top-yielding stocks list. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.