Steel Dynamics Stock To Go Ex-dividend Tomorrow (STLD)

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 Steel Dynamics (Nasdaq: STLD) is tomorrow, September 26, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $11.94 as of 9:30 a.m. ET, the dividend yield is 3.4%.

The average volume for Steel Dynamics has been three million shares per day over the past 30 days. Steel Dynamics has a market cap of $2.61 billion and is part of the basic materials sector and metals & mining industry. Shares are down 9.4% 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 15.3, below the average metals & mining industry P/E ratio of 16.3 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Steel Dynamics as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Steel Dynamics Ratings Report.

See our dividend calendar or top-yielding stocks list.

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