NEW YORK ( TheStreet) -- The ex-dividend date for Haynes International (Nasdaq: HAYN) is tomorrow, August 30, 2011. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $50.91 as of 9:30 a.m. ET, the dividend yield is 1.6%.

The average volume for Haynes International has been 163,300 shares per day over the past 30 days. Haynes International has a market cap of $603.7 million and is part of the basic materials sector and metals & mining industry. Shares are up 22.8% year to date as of the close of trading on Friday.

Haynes International Inc. develops, manufactures, markets, and distributes high-performance nickel-and cobalt-based alloys in sheet, coil, and plate forms for use in the various industries worldwide. The company has a P/E ratio of 23.8, 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 Haynes International as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Haynes International Ratings Report.

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