Gold Fields Stock To Go Ex-dividend Tomorrow (GFI)

NEW YORK ( TheStreet) -- The ex-dividend date for Gold Fields (NYSE: GFI) is tomorrow, March 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $14.83 as of 9:30 a.m. ET, the dividend yield is 2.9%.

The average volume for Gold Fields has been three million shares per day over the past 30 days. Gold Fields has a market cap of $11.26 billion and is part of the basic materials sector and metals & mining industry. Shares are down 1.5% year to date as of the close of trading on Monday.

Gold Fields Limited engages in the acquisition, exploration, development, and production of gold properties. It also explores for copper. The company holds interests in mines located in South Africa, Ghana, Australia, and Peru. The company has a P/E ratio of 27.9, below the average metals & mining industry P/E ratio of 778.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Gold Fields as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Gold Fields Ratings Report.

See our dividend calendar or top-yielding stocks list.

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