Mead Johnson Nutrition Stock To Go Ex-dividend Tomorrow (MJN)

NEW YORK ( TheStreet) -- The ex-dividend date for Mead Johnson Nutrition Company (NYSE: MJN) is tomorrow, March 14, 2012. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $80.11 as of 9:30 a.m. ET, the dividend yield is 1.5%.

The average volume for Mead Johnson Nutrition has been 2.2 million shares per day over the past 30 days. Mead Johnson Nutrition has a market cap of $14.4 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 16.4% year to date as of the close of trading on Monday.

Mead Johnson Nutrition Company manufactures, distributes, and sells infant formulas, children's nutritional products, and other nutritional products in Asia, Europe, Latin America, and North America. The company has a P/E ratio of 32.2, above the average food & beverage industry P/E ratio of 28 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Mead Johnson Nutrition 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, solid stock price performance, good cash flow from operations and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Mead Johnson Nutrition Ratings Report.

See our dividend calendar or top-yielding stocks list.

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