NEW YORK ( TheStreet) -- The ex-dividend date for Steel Dynamics (Nasdaq: STLD) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $10.99 as of 9:30 a.m. ET, the dividend yield is 3.6%. The average volume for Steel Dynamics has been 3.1 million shares per day over the past 30 days. Steel Dynamics has a market cap of $2.45 billion and is part of the basic materials sector and metals & mining industry. Shares are down 14.9% year to date as of the close of trading on Monday. Steel Dynamics, Inc., together with its subsidiaries, engages in the manufacture and sale of steel products in the United States and internationally. The company operates in three segments: Steel Operations, Metals Recycling and Ferrous Resources Operations, and Steel Fabrication Operations. The company has a P/E ratio of 11.1, below the average metals & mining industry P/E ratio of 11.7 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Steel Dynamics as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and poor profit margins. You can view the full Steel Dynamics Ratings Report. See our dividend calendar or top-yielding stocks list.