NEW YORK (

TheStreet

) -- The ex-dividend date for

Wendy's

(Nasdaq:

WEN

) is tomorrow, May 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $4.68 as of 9:30 a.m. ET, the dividend yield is 1.7%.

The average volume for Wendy's has been 4.2 million shares per day over the past 30 days. Wendy's has a market cap of $1.81 billion and is part of the

services

sector and

leisure

industry. Shares are down 13.6% year to date as of the close of trading on Friday.

The Wendy's Company, through its subsidiaries, operates and franchises Wendy's quick service restaurants. The company's restaurants engage in the provision of hamburger sandwiches. The company has a P/E ratio of 66.1, below the average leisure industry P/E ratio of 77.2 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Wendy's as a

hold

. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full

Wendy's Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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