NEW YORK ( TheStreet) -- The ex-dividend date for Gerdau (NYSE: GGB) is Monday, May 14, 2012. Owners of shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $8.29 as of 9:30 a.m. ET, the dividend yield is 2.2%. The average volume for Gerdau has been 6.8 million shares per day over the past 30 days. Gerdau has a market cap of $14.08 billion and is part of the basic materials sector and metals & mining industry. Shares are up 8.1% year to date as of the close of trading on Thursday. Gerdau S.A. engages in the production and sale of steel products in Brazil and internationally. The company has a P/E ratio of 6.8, below the average metals & mining industry P/E ratio of 12.5 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Gerdau as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and a generally disappointing performance in the stock itself. You can view the full Gerdau Ratings Report. See our dividend calendar or top-yielding stocks list.