NEW YORK (
) -- The ex-dividend date for
) is tomorrow, September 1, 2011. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $18.29 as of 9:30 a.m. ET, the dividend yield is 2.5%.
The average volume for Sara Lee has been 5.5 million shares per day over the past 30 days. Sara Lee has a market cap of $10.7 billion and is part of the
industry. Shares are up 3.7% year to date as of the close of trading on Tuesday.
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 33.7, equal to the average food & beverage industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Sara Lee as a
. Among the primary strengths of the company is its solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full