Goldcorp Stock To Go Ex-dividend Tomorrow (GG)

NEW YORK ( TheStreet) -- The ex-dividend date for Goldcorp (NYSE: GG) is tomorrow, April 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $41.28 as of 10 a.m. ET, the dividend yield is 1.3%.

The average volume for Goldcorp has been 4.7 million shares per day over the past 30 days. Goldcorp has a market cap of $35.94 billion and is part of the basic materials sector and metals & mining industry. Shares are down 7.3% year to date as of the close of trading on Monday.

Goldcorp Inc. engages in the acquisition, development, exploration, and operation of precious metal properties. It primarily explores gold, silver, copper, lead, and zinc. The company has a P/E ratio of 18.7, below the average metals & mining industry P/E ratio of 23 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Goldcorp 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, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Goldcorp Ratings Report.

See our dividend calendar or top-yielding stocks list.

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