The ex-dividend date for ArcelorMittal (NYSE:MT) is Monday, August 20, 2012. Owners of shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $16.03 as of 9:30 a.m., the dividend yield is 4.2%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- The ex-dividend date for ArcelorMittal (NYSE: MT) is Monday, August 20, 2012. Owners of shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $16.03 as of 9:30 a.m. ET, the dividend yield is 4.2%. The average volume for ArcelorMittal has been 6.9 million shares per day over the past 30 days. ArcelorMittal has a market cap of $24.8 billion and is part of the basic materials sector and metals & mining industry. Shares are down 14.2% year to date as of the close of trading on Thursday. ArcelorMittal, together with its subsidiaries, operates as an integrated steel and mining company worldwide. The company has a P/E ratio of 17, below the average metals & mining industry P/E ratio of 114.4 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates ArcelorMittal as a hold. Among the primary strengths of the company is its generally strong cash flow from operations. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full ArcelorMittal Ratings Report. See our dividend calendar or top-yielding stocks list.