NEW YORK (

TheStreet

) -- The ex-dividend date for

Titanium Metals Corporation

(NYSE:

TIE

) is tomorrow, December 7, 2011. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $16.12 as of 9:30 a.m. ET, the dividend yield is 2%.

The average volume for Titanium has been 2.2 million shares per day over the past 30 days. Titanium has a market cap of $2.66 billion and is part of the

basic materials

sector and

metals & mining

industry. Shares are down 5.6% year to date as of the close of trading on Monday.

Titanium Metals Corporation produces and sells titanium melted and mill products. The company has a P/E ratio of 24.9, equal to the average metals & mining industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Titanium as a

hold

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, robust revenue growth and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, poor profit margins and weak operating cash flow. You can view the full

Titanium Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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