The ex-dividend date for Allegheny Technologies (NYSE:ATI) is tomorrow, December 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $28.16 as of 2:40 p.m., the dividend yield is 2.6%.
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 Allegheny Technologies (NYSE: ATI) is tomorrow, December 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $28.16 as of 2:40 p.m. ET, the dividend yield is 2.6%. The average volume for Allegheny has been 1.5 million shares per day over the past 30 days. Allegheny has a market cap of $2.96 billion and is part of the industrial goods sector and industrial industry. Shares are down 42.4% year to date as of the close of trading on Tuesday. Allegheny Technologies Incorporated (ATI) engages in the production of specialty metals worldwide. It operates in three segments: High Performance Metals, Flat-Rolled Products, and Engineered Products. The company has a P/E ratio of 17.1, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Allegheny as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including poor profit margins, a generally disappointing performance in the stock itself and deteriorating net income. You can view the full Allegheny Ratings Report. See our dividend calendar or top-yielding stocks list. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.