Harmony Stock To Go Ex-dividend Tomorrow (HMY)

NEW YORK ( TheStreet) -- The ex-dividend date for Harmony Gold Mining (NYSE: HMY) is tomorrow, March 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $11.84 as of 9:30 a.m. ET, the dividend yield is 1.1%.

The average volume for Harmony has been two million shares per day over the past 30 days. Harmony has a market cap of $4.92 billion and is part of the basic materials sector and metals & mining industry. Shares are up 6.4% year to date as of the close of trading on Monday.

Harmony Gold Mining Company Limited engages in the exploration, processing, and smelting of gold in South Africa and Papua New Guinea. The company has a P/E ratio of 65.2, above the average metals & mining industry P/E ratio of 57.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Harmony as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. 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 Harmony Ratings Report.

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