NEW YORK (
) -- The ex-dividend date for
) is tomorrow, September 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $11.11 as of 9:30 a.m. ET, the dividend yield is 3.8%.
The average volume for Steel Dynamics has been 3.7 million shares per day over the past 30 days. Steel Dynamics has a market cap of $2.3 billion and is part of the
industry. Shares are down 41.2% year to date as of the close of trading on Monday.
Steel Dynamics, Inc. engages in the manufacture and sale of steel products in the United States. It operates in three segments: Steel Operations, Metals Recycling and Ferrous Resources Operations, and Steel Fabrication Operations. The company has a P/E ratio of 10.2, equal to the average metals & mining industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Steel Dynamics as a
. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income and robust revenue growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, poor profit margins and generally poor debt management. You can view the full