NEW YORK (
) -- The ex-dividend date for
) is tomorrow, August 30, 2011. Owners of shares as of market close today will be eligible for a dividend of 43 cents per share. At a price of $53.47 as of 9:30 a.m. ET, the dividend yield is 3.3%.
The average volume for Kellogg has been 2.3 million shares per day over the past 30 days. Kellogg has a market cap of $19.1 billion and is part of the
industry. Shares are up 4.1% year to date as of the close of trading on Friday.
Kellogg Company, together with its subsidiaries, engages in the manufacture and marketing of ready-to-eat cereal and convenience foods. Its principal products include cookies, crackers, toaster pastries, cereal bars, fruit snacks, frozen waffles, and veggie foods. The company has a P/E ratio of 15.8, equal to the average food & beverage industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Kellogg as a
. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, growth in earnings per share, revenue growth, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full