Allegheny Stock To Go Ex-dividend Tomorrow (ATI)

NEW YORK ( TheStreet) -- The ex-dividend date for Allegheny Technologies (NYSE: ATI) is tomorrow, May 25, 2012. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $35.82 as of 9:30 a.m. ET, the dividend yield is 2.1%.

The average volume for Allegheny has been 1.6 million shares per day over the past 30 days. Allegheny has a market cap of $3.71 billion and is part of the industrial goods sector and industrial industry. Shares are down 25.5% year to date as of the close of trading on Wednesday.

Allegheny Technologies Incorporated engages in the production of specialty metals worldwide. It operates in three segments: High Performance Metals, Flat-Rolled Products, and Engineered Products. The company has a P/E ratio of 17.9, above the average industrial industry P/E ratio of 17.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Allegheny as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, 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 a generally disappointing performance in the stock itself and poor profit margins. You can view the full Allegheny Ratings Report.

See our dividend calendar or top-yielding stocks list.
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