Ruddick Stock To Go Ex-dividend Tomorrow (RDK)

NEW YORK ( TheStreet) -- The ex-dividend date for Ruddick Corporation (NYSE: RDK) is tomorrow, March 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $39.81 as of 9:30 a.m. ET, the dividend yield is 1.4%.

The average volume for Ruddick has been 305,000 shares per day over the past 30 days. Ruddick has a market cap of $2.05 billion and is part of the services sector and retail industry. Shares are down 5.4% year to date as of the close of trading on Monday.

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 18.7, below the average retail industry P/E ratio of 22.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Ruddick as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Ruddick Ratings Report.

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