NEW YORK ( TheStreet) -- The ex-dividend date for Fortune Brands (NYSE: FO) is Monday, August 8, 2011. Owners of shares as of market close today will be eligible for a dividend of 19 cents per share. At a price of $54.53 as of 10:04 a.m. ET, the dividend yield is 1.3%.

The average volume for Fortune has been 823,200 shares per day over the past 30 days. Fortune has a market cap of $8.9 billion and is part of the consumer goods sector and consumer durables industry. Shares are down 11.9% year to date as of the close of trading on Thursday.

Fortune Brands, Inc., through its subsidiaries, manufactures and sells branded consumer products in the distilled spirits, home and security, and golf markets primarily in the United States, Europe, Mexico, Canada, Australia, and Asia. The company has a P/E ratio of 18, equal to the average consumer durables industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Fortune as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Fortune Ratings Report.

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