The ex-dividend date for Alcoa (NYSE:AA) is tomorrow, May 9, 2013. Owners of shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $8.66 as of 9:30 a.m., the dividend yield is 1.4%.
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 Alcoa (NYSE: AA) is tomorrow, May 9, 2013. Owners of shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $8.66 as of 9:30 a.m. ET, the dividend yield is 1.4%. The average volume for Alcoa has been 18.9 million shares per day over the past 30 days. Alcoa has a market cap of $9.29 billion and is part of the basic materials sector and metals & mining industry. Shares are down 0.5% year to date as of the close of trading on Tuesday. Alcoa Inc. engages in the production and management of primary aluminum, fabricated aluminum, and alumina. The company operates in four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. The company has a P/E ratio of 39.5, above the S&P 500 P/E ratio of 17.7.
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
TheStreet Ratings rates Alcoa as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Alcoa Ratings Report. See our dividend calendar or top-yielding stocks list. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.