NEW YORK ( TheStreet) -- The ex-dividend date for Walter Energy (NYSE: WLT) is tomorrow, February 16, 2011. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $127.48 as of 9:32 a.m. ET, the dividend yield is 0.4%. The average volume for Walter Energy has been 2.4 million shares per day over the past 30 days. Walter Energy has a market cap of $6.3 billion and is part of the basic materials sector and metals & mining industry. Shares are down 0.6% year to date as of the close of trading on Monday.

Walter Energy, Inc. produces and exports metallurgical coal for the steel industry primarily in the United States. The company also produces steam coal, coal bed methane gas, metallurgical coke, and other related products. It principally serves electric utility and industrial customers. The company has a P/E ratio of 19.5, below the average metals & mining industry P/E ratio of 19.8 and below the S&P 500 P/E ratio of 23.3.

TheStreet Ratings rates Walter Energy as buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, expanding profit margins and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Walter Energy Ratings Report.