NEW YORK (

TheStreet

) -- The ex-dividend date for

Wendy's

(Nasdaq:

WEN

) is tomorrow, February 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $5.04 as of 9:30 a.m. ET, the dividend yield is 1.6%.

The average volume for Wendy's has been five million shares per day over the past 30 days. Wendy's has a market cap of $2.05 billion and is part of the

services

sector and

leisure

industry. Shares are down 5.5% year to date as of the close of trading on Friday.

The Wendy's Company operates as a quick-service hamburger company in the United States. The company, through its subsidiary, Wendy's International, Inc., operates as a franchisor of the Wendy's restaurant system. The company has a P/E ratio of 127, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Wendy's as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Wendy's Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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