NEW YORK (

TheStreet

) -- The ex-dividend date for

Tim Hortons

(NYSE:

THI

) is tomorrow, March 1, 2012. Owners of shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $53.51 as of 9:30 a.m. ET, the dividend yield is 1.6%.

The average volume for Tim Hortons has been 214,000 shares per day over the past 30 days. Tim Hortons has a market cap of $7.61 billion and is part of the

services

sector and

leisure

industry. Shares are up 9.9% year to date as of the close of trading on Tuesday.

Tim Hortons Inc. develops, franchises, and operates quick service restaurants primarily in Canada and the United States. Its restaurants serve coffee and other hot and cold beverages, baked goods, sandwiches, soups, and other food products. The company has a P/E ratio of 22.7, above the average leisure industry P/E ratio of 12.2 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Tim Hortons as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full

Tim Hortons Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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