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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 Kennametal (NYSE: KMT) is tomorrow, May 3, 2013. Owners of shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $39.52 as of 9:31 a.m. ET, the dividend yield is 1.6%. The average volume for Kennametal has been 817,000 shares per day over the past 30 days. Kennametal has a market cap of $3.17 billion and is part of the industrial goods sector and industrial industry. Shares are down 1.7% year to date as of the close of trading on Wednesday. Kennametal Inc. manufactures and supplies tooling, engineered components, and advanced materials consumed in production processes worldwide. The company has a P/E ratio of 14.2, below the S&P 500 P/E ratio of 17.7.