Lear Stock To Go Ex-dividend Tomorrow (LEA)

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 Lear Corporation (NYSE: LEA) is tomorrow, June 5, 2013. Owners of shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $59.96 as of 9:30 a.m. ET, the dividend yield is 1.1%.

The average volume for Lear has been 983,100 shares per day over the past 30 days. Lear has a market cap of $5.55 billion and is part of the consumer goods sector and automotive industry. Shares are up 28.1% year to date as of the close of trading on Monday.

Lear Corporation designs, manufactures, assembles, and supplies automotive seat systems, electrical distribution systems, and related components primarily to automotive original equipment manufacturers. It operates in two segments, Seating and Electrical Power Management Systems (EPMS). The company has a P/E ratio of 4.7, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Lear as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Lear Ratings Report.

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