The ex-dividend date for Gerdau (NYSE:GGB) is Monday, May 20, 2013. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $6.74 as of 9:30 a.m., the dividend yield is 0.9%.
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 Gerdau (NYSE: GGB) is Monday, May 20, 2013. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $6.74 as of 9:30 a.m. ET, the dividend yield is 0.9%. The average volume for Gerdau has been 5.9 million shares per day over the past 30 days. Gerdau has a market cap of $11.39 billion and is part of the basic materials sector and metals & mining industry. Shares are down 25.8% year to date as of the close of trading on Thursday. Gerdau S.A. engages in the production and commercialization of steel products worldwide. The company has a P/E ratio of 5.5, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Gerdau as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and weak operating cash flow. You can view the full Gerdau 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.