NEW YORK (

TheStreet

) -- The ex-dividend date for

Kraft Foods Inc

(NYSE:

KFT

) is tomorrow, September 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 29 cents per share. At a price of $34.82 as of 9:30 a.m. ET, the dividend yield is 3.4%.

The average volume for Kraft has been 12.3 million shares per day over the past 30 days. Kraft has a market cap of $59.6 billion and is part of the

consumer goods

sector and

food & beverage

industry. Shares are up 7% year to date as of the close of trading on Monday.

Kraft Foods Inc., together with its subsidiaries, manufactures and markets packaged food products worldwide. The company has a P/E ratio of 19.3, below 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 as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, good cash flow from operations, expanding profit margins and growth in earnings per share. 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

Kraft Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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