Steel Dynamics Stock To Go Ex-dividend Tomorrow (STLD)

NEW YORK ( TheStreet) -- The ex-dividend date for Steel Dynamics (Nasdaq: STLD) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $14.77 as of 9:30 a.m. ET, the dividend yield is 2.7%.

The average volume for Steel Dynamics has been 3.2 million shares per day over the past 30 days. Steel Dynamics has a market cap of $3.38 billion and is part of the basic materials sector and metals & mining industry. Shares are up 12.2% year to date as of the close of trading on Monday.

Steel Dynamics, Inc., together with its subsidiaries, engages in the manufacture and sale of steel products in the United States and internationally. The company operates in three segments: Steel Operations, Metals Recycling and Ferrous Resources Operations, and Steel Fabrication Operations. The company has a P/E ratio of 11.6, below the average metals & mining industry P/E ratio of 13.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Steel Dynamics as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Steel Dynamics Ratings Report.

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