NEW YORK ( TheStreet) -- The ex-dividend date for Walter Energy (NYSE: WLT) is tomorrow, May 4, 2011. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $136.55 as of 9:33 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 $8.6 billion and is part of the basic materials sector and metals & mining industry. Shares are up 7.9% 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 17.2, below the average metals & mining industry P/E ratio of 17.4 and above the S&P 500 P/E ratio of 17.1.
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TheStreet Ratings rates Walter Energy as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Walter Energy Ratings Report.

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