Iamgold Stock To Go Ex-dividend Tomorrow (IAG)

NEW YORK ( TheStreet) -- The ex-dividend date for Iamgold (NYSE: IAG) is tomorrow, June 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $11.58 as of 9:30 a.m. ET, the dividend yield is 2.2%.

The average volume for Iamgold has been 3.5 million shares per day over the past 30 days. Iamgold has a market cap of $4.37 billion and is part of the basic materials sector and metals & mining industry. Shares are down 26.8% year to date as of the close of trading on Wednesday.

IAMGOLD Corporation, a mid-tier gold mining company, engages in the exploration, development, and production of mineral resource properties. It primarily explores for gold, silver, zinc, copper, niobium, diamonds, and other metals. The company has a P/E ratio of 11.5, above the average metals & mining industry P/E ratio of 5.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Iamgold as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. 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 disappointing return on equity. You can view the full Iamgold Ratings Report.

See our dividend calendar or top-yielding stocks list.
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