NEW YORK (
) -- The ex-dividend date for
) is tomorrow, February 25, 2011. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $16.94 as of 9:32 a.m. ET, the dividend yield is 2.7%.
The average volume for Sara Lee has been 9.8 million shares per day over the past 30 days. Sara Lee has a market cap of $10.6 billion and is part of the
industry. Shares are down 2.9% year to date as of the close of trading on Wednesday.
Sara Lee Corporation engages in the manufacture and marketing of a range of branded packaged meat, bakery, and beverage products worldwide. The company has a P/E ratio of 34, below the average food & beverage industry P/E ratio of 58.6 and above the S&P 500 P/E ratio of 22.7.
TheStreet Ratings rates Sara Lee as buy. The company's strengths can be seen in multiple areas, such as its increase in net income, expanding profit margins, notable return on equity and solid stock price performance. 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