NEW YORK (

TheStreet

) -- The ex-dividend date for

Titanium Metals Corporation

(NYSE:

TIE

) is tomorrow, June 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $11.49 as of 9:30 a.m. ET, the dividend yield is 2.5%.

The average volume for Titanium has been 1.8 million shares per day over the past 30 days. Titanium has a market cap of $1.95 billion and is part of the

basic materials

sector and

metals & mining

industry. Shares are down 24.4% year to date as of the close of trading on Tuesday.

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

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TheStreet Ratings rates Titanium as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full

Titanium Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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