The ex-dividend date for Gerdau (NYSE:GGB) is tomorrow, November 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $8.87 as of 9:30 a.m., the dividend yield is 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 Gerdau (NYSE: GGB) is tomorrow, November 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $8.87 as of 9:30 a.m. ET, the dividend yield is 2%. The average volume for Gerdau has been 7.2 million shares per day over the past 30 days. Gerdau has a market cap of $15.06 billion and is part of the basic materials sector and metals & mining industry. Shares are up 13.3% year to date as of the close of trading on Friday. Gerdau S.A. engages in the production and sale of steel products in Brazil and internationally. The company has a P/E ratio of 7.3, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Gerdau as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and a generally disappointing performance in the stock itself. You can view the full Gerdau Ratings Report. See our dividend calendar or top-yielding stocks list. FREE for a limited time only: Get TheStreet Ratings #1 Stock Report NOW!.