ArcelorMittal Stock To Go Ex-dividend Tomorrow (MT)
The ex-dividend date for ArcelorMittal (NYSE:MT) is tomorrow, May 10, 2013. Owners of shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $12.95 as of 9:31 a.m., the dividend yield is 5.3%.
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 ArcelorMittal (NYSE: MT) is tomorrow, May 10, 2013. Owners of shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $12.95 as of 9:31 a.m. ET, the dividend yield is 5.3%. The average volume for ArcelorMittal has been 7.5 million shares per day over the past 30 days. ArcelorMittal has a market cap of $20 billion and is part of the basic materials sector and metals & mining industry. Shares are down 27% year to date as of the close of trading on Wednesday. ArcelorMittal, together with its subsidiaries, operates as an integrated steel and mining company worldwide. The company operates through six segments: Flat Carbon Americas; Flat Carbon Europe; Long Carbon Americas and Europe; Asia, Africa, and CIS; Distribution Solutions; and Mining.
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TheStreet Ratings rates ArcelorMittal as a hold. Among the primary strengths of the company is its generally strong cash flow from operations. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full ArcelorMittal 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.