Ternium SA ADR Stock To Go Ex-dividend Tomorrow (TX)

NEW YORK ( TheStreet) -- The ex-dividend date for Ternium SA ADR (NYSE: TX) is tomorrow, May 3, 2012. Owners of shares as of market close today will be eligible for a dividend of 75 cents per share. At a price of $23.89 as of 9:30 a.m. ET, the dividend yield is 6.3%.

The average volume for Ternium SA ADR has been 764,200 shares per day over the past 30 days. Ternium SA ADR has a market cap of $4.76 billion and is part of the basic materials sector and metals & mining industry. Shares are up 31% year to date as of the close of trading on Tuesday.

Ternium S.A. engages in manufacturing and processing a range of flat and long steel products for construction, home appliances, capital goods, container, food, energy, and automotive industries. The company has a P/E ratio of 9.1, 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 Ternium SA ADR as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Ternium SA ADR Ratings Report.

See our dividend calendar or top-yielding stocks list.
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