Cliffs Natural Stock To Go Ex-dividend Monday (CLF)
The ex-dividend date for Cliffs Natural Resources (NYSE:CLF) is Monday, February 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $75.05 as of 9:30 a.m., the dividend yield is 1.5%.
NEW YORK ( TheStreet) -- The ex-dividend date for Cliffs Natural Resources (NYSE: CLF) is Monday, February 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $75.05 as of 9:30 a.m. ET, the dividend yield is 1.5%. The average volume for Cliffs Natural has been 3.4 million shares per day over the past 30 days. Cliffs Natural has a market cap of $10.57 billion and is part of the basic materials sector and metals & mining industry. Shares are up 22.3% year to date as of the close of trading on Thursday. Cliffs Natural Resources Inc., a mining and natural resources company, produces iron ore pellets, lump and fines iron ore, and metallurgical coal products. The company has a P/E ratio of 5.9, above the average metals & mining industry P/E ratio of 5.7 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Cliffs Natural as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Cliffs Natural Ratings Report. See our dividend calendar or top-yielding stocks list.