NEW YORK (
) -- The ex-dividend date for
) is tomorrow, August 23, 2011. Owners of shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $55.83 as of 9:37 a.m. ET, the dividend yield is 2.5%.
The average volume for The Hershey has been 1.4 million shares per day over the past 30 days. The Hershey has a market cap of $9.3 billion and is part of the
industry. Shares are up 16.9% year to date as of the close of trading on Friday.
The Hershey Company, together with its subsidiaries, engages in manufacturing, marketing, selling, and distributing various chocolate and confectionery products, pantry items, and gum and mint refreshment products worldwide. The company has a P/E ratio of 21.1, below the average food & beverage industry P/E ratio of 21.2 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates The Hershey as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, good cash flow from operations and expanding profit margins. 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