Flowers Stock To Go Ex-dividend Tomorrow (FLO)

NEW YORK ( TheStreet) -- The ex-dividend date for Flowers Foods (NYSE: FLO) is tomorrow, March 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $19.65 as of 9:30 a.m. ET, the dividend yield is 3.1%.

The average volume for Flowers has been 646,300 shares per day over the past 30 days. Flowers has a market cap of $2.69 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 4.2% year to date as of the close of trading on Monday.

Flowers Foods, Inc. produces and markets bakery products in the United States. It operates in two segments, Direct-Store-Delivery (DSD) and Warehouse Delivery. The company has a P/E ratio of 21.4, above the average food & beverage industry P/E ratio of 19.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Flowers as a 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, reasonable valuation levels, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Flowers Ratings Report.

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