Dow Component Alcoa (AA) To Go Ex-dividend Tomorrow

The Dow Jones Industrial Average (^DJI) is trading down 12.0 points at 13,061 as of Tuesday, Jul 31, 2012, 10:35 a.m. ET. During this time, 120.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 685.1 million. The NYSE advances/declines ratio sits at 1,449 issues advancing vs. 1,341 declining with 152 unchanged.

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Wednesday, August 1, 2012 is the ex-dividend date for Dow component Alcoa (NYSE:AA). Owners of shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $8.45 as of 10:35 a.m. ET, the dividend yield is 1.4% compared to the average Dow component yield of 2.8%.

• See our dividend calendar or top-yielding stocks list.

The average volume for Alcoa has been 22.2 million shares per day over the past 30 days. Alcoa has a market cap of $9.02 billion and is part of the basic materials sector and metals & mining industry. Shares are down 2.3% year to date as of Monday's close.

Alcoa, Inc. engages in the production and management of primary aluminum, fabricated aluminum, and alumina. The company operates in four segments: Alumina, Primary Metals, Flat-Rolled Products, and Engineered Products and Solutions. The company has a P/E ratio of 120.7, above the average metals & mining industry P/E ratio of 105.6 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Alcoa as a hold. The company's strongest point has been its a solid financial position based on a variety of debt and liquidity measures that we have looked at. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.

• You can view the full Alcoa Ratings Report.

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