Allegheny Stock To Go Ex-dividend Monday (ATI)

NEW YORK ( TheStreet) -- The ex-dividend date for Allegheny Technologies (NYSE: ATI) is Monday, March 12, 2012. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $41.01 as of 9:30 a.m. ET, the dividend yield is 1.8%.

The average volume for Allegheny has been 1.7 million shares per day over the past 30 days. Allegheny has a market cap of $5.4 billion and is part of the industrial goods sector and industrial industry. Shares are down 14.5% year to date as of the close of trading on Thursday.

Allegheny Technologies Incorporated engages in the production and sale of specialty metals worldwide. It operates through three segments: High Performance Metals, Flat-Rolled Products, and Engineered Products. The company has a P/E ratio of 20.4, below the average industrial industry P/E ratio of 27.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Allegheny as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. You can view the full Allegheny Ratings Report.

See our dividend calendar or top-yielding stocks list.