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NEW YORK (

TheStreet

) -- The ex-dividend date for

Iamgold

(NYSE:

IAG

) is tomorrow, June 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $11.58 as of 9:30 a.m. ET, the dividend yield is 2.2%.

The average volume for Iamgold has been 3.5 million shares per day over the past 30 days. Iamgold has a market cap of $4.37 billion and is part of the

basic materials

sector and

metals & mining

industry. Shares are down 26.8% year to date as of the close of trading on Wednesday.

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IAMGOLD Corporation, a mid-tier gold mining company, engages in the exploration, development, and production of mineral resource properties. It primarily explores for gold, silver, zinc, copper, niobium, diamonds, and other metals. The company has a P/E ratio of 11.5, above the average metals & mining industry P/E ratio of 5.7 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Iamgold as a

hold

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and disappointing return on equity. You can view the full

Iamgold Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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