NEW YORK (

TheStreet

) -- The ex-dividend date for

Gafisa

(NYSE:

GFA

) is Monday, May 2, 2011. Owners of shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $12.39 as of 9:31 a.m. ET, the dividend yield is 2.2%.

The average volume for Gafisa has been 2.9 million shares per day over the past 30 days. Gafisa has a market cap of $2.7 billion and is part of the

industrial goods

sector and

materials & construction

industry. Shares are down 15.6% year to date as of the close of trading on Thursday.

TheStreet Recommends

Gafisa S.A. operates as a homebuilder in Brazil. The company has a P/E ratio of 153.2, above the average materials & construction industry P/E ratio of 15.9 and above the S&P 500 P/E ratio of 17.

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TheStreet Ratings rates Gafisa as a

hold

. 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 and revenue growth. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full

Gafisa Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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