NEW YORK ( TheStreet) -- The ex-dividend date for Vale SA - Shs Sponsored American Deposit Re (NYSE: VALE) is tomorrow, April 14, 2011. Owners of shares as of market close today will be eligible for a dividend of 37 cents per share. At a price of $33.09 as of 9:32 a.m. ET, the dividend yield is 1.1%. The average volume for Vale SA - Shs Sponsored American Deposit Re has been 21.1 million shares per day over the past 30 days. Vale SA - Shs Sponsored American Deposit Re has a market cap of $178.5 billion and is part of the basic materials sector and metals & mining industry. Shares are down 4.6% year to date as of the close of trading on Tuesday. Vale S.A., through its subsidiaries, operates as a diversified metals and mining company worldwide. The company produces iron ore and iron ore pellets, nickel, manganese ore, ferroalloys, kaolin, and pig iron. The company has a P/E ratio of 35, above the average metals & mining industry P/E ratio of 10.5 and above the S&P 500 P/E ratio of 16.6.
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TheStreet Ratings rates Vale SA - Shs Sponsored American Deposit Re as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, attractive valuation levels, expanding profit margins and good cash flow from operations. 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 Vale SA - Shs Sponsored American Deposit Re Ratings Report. See our dividend calendar or top-yielding stocks list.