NEW YORK (
) -- The ex-dividend date for
) is tomorrow, November 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $42.75 as of 9:30 a.m. ET, the dividend yield is 0.2%.
The average volume for Schnitzer has been 262,800 shares per day over the past 30 days. Schnitzer has a market cap of $1.05 billion and is part of the
industry. Shares are down 38.2% year to date as of the close of trading on Friday.
Schnitzer Steel Industries, Inc. engages in recycling ferrous and nonferrous scrap metals, and used and salvaged vehicles; and manufacturing finished steel products. The company has a P/E ratio of 33.4, above the average metals & mining industry P/E ratio of 10.3 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Schnitzer as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself. You can view the full