MFC Industrial Stock To Go Ex-dividend Tomorrow (MIL)

NEW YORK ( TheStreet) -- The ex-dividend date for MFC Industrial (NYSE: MIL) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $7.75 as of 9:30 a.m. ET, the dividend yield is 2.6%.

The average volume for MFC Industrial has been 155,200 shares per day over the past 30 days. MFC Industrial has a market cap of $468.6 million and is part of the basic materials sector and metals & mining industry. Shares are up 11.4% year to date as of the close of trading on Monday.

MFC Industrial Ltd., a commodity supply chain company, engages in sourcing and delivering commodities and materials to clients worldwide. The company has a P/E ratio of 4.6, above the average metals & mining industry P/E ratio of 4.4 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates MFC Industrial as a hold. 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 and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and weak operating cash flow. You can view the full MFC Industrial Ratings Report.

See our dividend calendar or top-yielding stocks list.
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