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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.