NEW YORK (

TheStreet

) -- The ex-dividend date for

Allegheny Technologies

(NYSE:

ATI

) is tomorrow, May 24, 2011. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $62.48 as of 9:31 a.m. ET, the dividend yield is 1.1%.

The average volume for Allegheny has been 1.6 million shares per day over the past 30 days. Allegheny has a market cap of $6.5 billion and is part of the

basic materials

sector and

metals & mining

industry. Shares are up 15.6% year to date as of the close of trading on Friday.

TheStreet Recommends

Allegheny Technologies Incorporated produces and sells specialty metals worldwide. The company has a P/E ratio of 60.5, below the average metals & mining industry P/E ratio of 61.1 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Allegheny as a

buy

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Allegheny Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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