Dow Component Kraft Foods (KFT) To Go Ex-dividend Monday

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.

The Dow Jones Industrial Average (^DJI) is trading up 69 points (+0.5%) at 13,608 as of Friday, Sep 14, 2012, 10:40 a.m. ET. During this time, 279.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 581.5 million. The NYSE advances/declines ratio sits at 2,278 issues advancing vs. 594 declining with 115 unchanged.

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Monday, September 17, 2012 is the ex-dividend date for Dow component Kraft Foods (Nasdaq:KFT). Owners of shares as of market close today will be eligible for a dividend of 29 cents per share. At a price of $40.09 as of 10:35 a.m. ET, the dividend yield is 2.9% compared to the average Dow component yield of 2.8%.

• See our dividend calendar or top-yielding stocks list.

The average volume for Kraft Foods has been 11.7 million shares per day over the past 30 days. Kraft Foods has a market cap of $70.24 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 7.4% year to date as of Thursday's close.

Kraft Foods Inc., together with its subsidiaries, manufactures and markets packaged food products worldwide. The company has a P/E ratio of 19.7, above the average food & beverage industry P/E ratio of 19.5 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Kraft Foods as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, reasonable valuation levels and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

• You can view the full Kraft Ratings Report.

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