Newmont Stock To Go Ex-dividend Tomorrow (NEM)

NEW YORK ( TheStreet) -- The ex-dividend date for Newmont Mining Corporation (NYSE: NEM) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $56.64 as of 9:30 a.m. ET, the dividend yield is 2.5%.

The average volume for Newmont has been six million shares per day over the past 30 days. Newmont has a market cap of $28.06 billion and is part of the basic materials sector and metals & mining industry. Shares are down 5.2% year to date as of the close of trading on Friday.

Newmont Mining Corporation, together with its subsidiaries, engages in the acquisition, exploration, and production of gold and copper properties. The company's assets or operations are located in the United States, Australia, Peru, Indonesia, Ghana, New Zealand, and Mexico. The company has a P/E ratio of 57, above the average metals & mining industry P/E ratio of 13.1 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Newmont as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Newmont Ratings Report.

See our dividend calendar or top-yielding stocks list.

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