Cliffs Natural Stock To Go Ex-dividend Tomorrow (CLF)

NEW YORK ( TheStreet) -- The ex-dividend date for Cliffs Natural Resources (NYSE: CLF) is tomorrow, April 25, 2012. Owners of shares as of market close today will be eligible for a dividend of 63 cents per share. At a price of $65.95 as of 9:30 a.m. ET, the dividend yield is 3.7%.

The average volume for Cliffs Natural has been 3.6 million shares per day over the past 30 days. Cliffs Natural has a market cap of $9.44 billion and is part of the basic materials sector and metals & mining industry. Shares are up 5.8% year to date as of the close of trading on Monday.

Cliffs Natural Resources Inc., a mining and natural resources company, engages in the production of iron ore pellets, fines and lump ore, and metallurgical coal. The company has a P/E ratio of 5.8, equal to the average metals & mining industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cliffs Natural as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, attractive valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Cliffs Natural Ratings Report.

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