Yamana Stock To Go Ex-dividend Tomorrow (AUY)

NEW YORK ( TheStreet) -- The ex-dividend date for Yamana Gold (NYSE: AUY) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $16.39 as of 9:30 a.m. ET, the dividend yield is 1.4%.

The average volume for Yamana has been 6.3 million shares per day over the past 30 days. Yamana has a market cap of $11.49 billion and is part of the basic materials sector and metals & mining industry. Shares are up 10.8% year to date as of the close of trading on Monday.

Yamana Gold Inc. engages in gold and other precious metals mining, and related activities, including exploration, extraction, processing, and reclamation. It also explores for copper, molybdenum, zinc, and silver metals. The company has a P/E ratio of 21.5, above the average metals & mining industry P/E ratio of 18.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Yamana as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins 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 Yamana Ratings Report.

See our dividend calendar or top-yielding stocks list.

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