NEW YORK ( TheStreet) -- The ex-dividend date for Texas Roadhouse (Nasdaq: TXRH) is Monday, September 12, 2011. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $13.76 as of 9:31 a.m. ET, the dividend yield is 2.3%.

The average volume for Texas Roadhouse has been one million shares per day over the past 30 days. Texas Roadhouse has a market cap of $1 billion and is part of the services sector and leisure industry. Shares are down 18.6% year to date as of the close of trading on Thursday.

Texas Roadhouse, Inc., together with its subsidiaries, operates a full-service, casual dining restaurant chain in the United States. It operates restaurants under the Texas Roadhouse and Aspen Creek names. The company has a P/E ratio of 17.1, equal to the average leisure industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
  • Practice your dividend trading strategies and win cash in our stock game.

TheStreet Ratings rates Texas Roadhouse as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, growth in earnings per share, 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 shows low profit margins. You can view the full Texas Roadhouse Ratings Report.

See our dividend calendar or top-yielding stocks list.