Kennametal Stock To Go Ex-dividend Tomorrow (KMT)

NEW YORK ( TheStreet) -- The ex-dividend date for Kennametal (NYSE: KMT) is tomorrow, February 7, 2014. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $42.28 as of 9:50 a.m. ET, the dividend yield is 1.7%.

The average volume for Kennametal has been 653,400 shares per day over the past 30 days. Kennametal has a market cap of $3.36 billion and is part of the industrial goods sector and industrial industry. Shares are down 18.9% year to date as of the close of trading on Wednesday.

Kennametal Inc. manufactures and supplies tooling, engineered components, and advanced materials consumed in production processes worldwide. The company operates in two segments, Industrial and Infrastructure.

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TheStreet Ratings rates Kennametal 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, reasonable valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Kennametal Ratings Report.

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