NEW YORK (

TheStreet

) -- The ex-dividend date for

Steel Dynamics Inc

(Nasdaq:

STLD

) 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

basic materials

sector and

metals & mining

industry. Shares are down 41.2% year to date as of the close of trading on Monday.

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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

hold

. 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

Steel Dynamics Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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