Titanium Stock To Go Ex-dividend Tomorrow (TIE)

NEW YORK ( TheStreet) -- The ex-dividend date for Titanium Metals Corporation (NYSE: TIE) is tomorrow, March 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $13.64 as of 9:30 a.m. ET, the dividend yield is 2.1%.

The average volume for Titanium has been 1.7 million shares per day over the past 30 days. Titanium has a market cap of $2.84 billion and is part of the basic materials sector and metals & mining industry. Shares are down 7.2% year to date as of the close of trading on Monday.

Titanium Metals Corporation produces and sells titanium melted and mill products. The company has a P/E ratio of 22.1, below the average metals & mining industry P/E ratio of 26.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Titanium 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 notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Titanium Ratings Report.

See our dividend calendar or top-yielding stocks list.

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