Baltic Trading Stock To Go Ex-dividend Tomorrow (BALT)

NEW YORK ( TheStreet) -- The ex-dividend date for Baltic Trading (NYSE: BALT) is tomorrow, May 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $4.05 as of 9:30 a.m. ET, the dividend yield is 4.7%.

The average volume for Baltic Trading has been 173,800 shares per day over the past 30 days. Baltic Trading has a market cap of $71.7 million and is part of the services sector and transportation industry. Shares are down 14.7% year to date as of the close of trading on Friday.

Baltic Trading Limited engages in shipping business in the drybulk industry spot market. The company transports iron ore, coal, grain, steel products, and other drybulk cargoes worldwide.

TheStreet Ratings rates Baltic Trading as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Baltic Trading Ratings Report.

See our dividend calendar or top-yielding stocks list.

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