Walter Energy Stock To Go Ex-dividend Tomorrow (WLT)
The ex-dividend date for Walter Energy (NYSE:WLT) is tomorrow, May 3, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $65.24 as of 9:30 a.m., the dividend yield is 0.8%.
NEW YORK ( TheStreet) -- The ex-dividend date for Walter Energy (NYSE: WLT) is tomorrow, May 3, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $65.24 as of 9:30 a.m. ET, the dividend yield is 0.8%. The average volume for Walter Energy has been 2.7 million shares per day over the past 30 days. Walter Energy has a market cap of $4.14 billion and is part of the basic materials sector and metals & mining industry. Shares are up 9.3% year to date as of the close of trading on Tuesday. Walter Energy, Inc. produces and exports metallurgical coal for the steel industry primarily in the United States. The company also produces thermal and industrial coal, anthracite, metallurgical coke, coal bed methane gas, and other related products. The company has a P/E ratio of 11.5, 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 Walter Energy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Walter Energy Ratings Report. See our dividend calendar or top-yielding stocks list.