The ex-dividend date for AmBev (NYSE:ABV) is tomorrow, March 10, 2011. Owners of shares as of market close today will be eligible for a dividend of 37 cents per share. At a price of $27.69 as of 9:30 a.m., the dividend yield is 2.6%.
NEW YORK ( TheStreet) -- The ex-dividend date for AmBev (NYSE: ABV) is tomorrow, March 10, 2011. Owners of shares as of market close today will be eligible for a dividend of 37 cents per share. At a price of $27.69 as of 9:30 a.m. ET, the dividend yield is 2.6%. The average volume for AmBev has been 3.1 million shares per day over the past 30 days. AmBev has a market cap of $17.2 billion and is part of the consumer goods sector and food & beverage industry. Shares are down 9.8% year to date as of the close of trading on Tuesday. Companhia de Bebidas das Americas AmBev engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt, and other non-alcoholic and non-carbonated products in the Americas. It also sells bottled water, isotonics, and ready-to-drink teas. The company has a P/E ratio of 103.6, above the average food & beverage industry P/E ratio of 22.9 and above the S&P 500 P/E ratio of 17.3. TheStreet Ratings rates AmBev as buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full AmBev Ratings Report. See our dividend calendar or top-yielding stocks list.