Walter Energy Stock To Go Ex-dividend Tomorrow (WLT)

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 Walter Energy (NYSE: WLT) is tomorrow, May 8, 2013. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $17.48 as of 9:31 a.m. ET, the dividend yield is 2.9%.

The average volume for Walter Energy has been 4.3 million shares per day over the past 30 days. Walter Energy has a market cap of $1.09 billion and is part of the basic materials sector and metals & mining industry. Shares are down 51% year to date as of the close of trading on Monday.

Walter Energy, Inc. produces and exports metallurgical coal for the steel industry. It also produces thermal and industrial coal, anthracite, metallurgical coke, coal bed methane gas, and other related products.

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TheStreet Ratings rates Walter Energy as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, poor profit margins and weak operating cash flow. You can view the full Walter Energy Ratings Report.

See our dividend calendar or top-yielding stocks list.

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