Ruddick Stock To Go Ex-dividend Tomorrow (RDK)

NEW YORK ( TheStreet) -- The ex-dividend date for Ruddick Corporation (NYSE: RDK) is tomorrow, September 7, 2011. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $37.83 as of 9:35 a.m. ET, the dividend yield is 1.3%.

The average volume for Ruddick has been 338,700 shares per day over the past 30 days. Ruddick has a market cap of $1.9 billion and is part of the services sector and retail industry. Shares are up 4.8% year to date as of the close of trading on Friday.

Ruddick Corporation, through its subsidiaries, engages in the operation of a regional chain of supermarkets primarily in the southeastern and mid-Atlantic United States, and the District of Columbia. The company has a P/E ratio of 14.2, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Ruddick as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, good cash flow from operations, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Ruddick Ratings Report.

See our dividend calendar or top-yielding stocks list.

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