NEW YORK (
) -- The ex-dividend date for
Flowers Foods Incorporated
) is tomorrow, March 1, 2011. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $26.98 as of 9:31 a.m. ET, the dividend yield is 3%.
The average volume for Flowers has been 610,600 shares per day over the past 30 days. Flowers has a market cap of $2.4 billion and is part of the
industry. Shares are down 0.1% year to date as of the close of trading on Friday.
Flowers Foods, Inc. produces and markets bakery products in the United States. The company operates in two segments, Direct-Store-Delivery (DSD) and Warehouse Delivery. The company has a P/E ratio of 17.8, equal to the average food & beverage industry P/E ratio and below the S&P 500 P/E ratio of 22.6.
TheStreet Ratings rates Flowers as buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations, growth in earnings per share and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full