Vale Stock To Go Ex-dividend Tomorrow (VALE)

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 Vale (NYSE: VALE) is tomorrow, October 17, 2012. Owners of shares as of market close today will be eligible for a dividend of 57 cents per share. At a price of $18.52 as of 9:31 a.m. ET, the dividend yield is 3.2%.

The average volume for Vale has been 20.5 million shares per day over the past 30 days. Vale has a market cap of $129.6 billion and is part of the basic materials sector and metals & mining industry. Shares are down 14.4% year to date as of the close of trading on Monday.

Vale S.A. engages in the exploration, production, and sale of basic metals in Brazil and internationally. The company is also involved in fertilizers, logistics, and steel businesses. The company has a P/E ratio of 4.2, below the average metals & mining industry P/E ratio of 6.1 and below the S&P 500 P/E ratio of 17.7.

  • ACTIVE STOCK TRADERS: Get full access to Jim Cramer's thoughts for less than $3/week - sometimes before he says them on TV! Start with a 14-Day Free Trial.

TheStreet Ratings rates Vale 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, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Vale Ratings Report.

See our dividend calendar or top-yielding stocks list.

FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.
null

If you liked this article you might like

Hit the 'Mother Lode' With Vale ADRs