NEW YORK ( TheStreet) -- The ex-dividend date for HJ Heinz Company (NYSE: HNZ) is tomorrow, March 21, 2012. Owners of shares as of market close today will be eligible for a dividend of 48 cents per share. At a price of $53.22 as of 9:30 a.m. ET, the dividend yield is 3.6%.

The average volume for HJ Heinz has been 1.9 million shares per day over the past 30 days. HJ Heinz has a market cap of $16.62 billion and is part of the consumer goods sector and food & beverage industry. Shares are down 1.1% year to date as of the close of trading on Monday.

H. J. Heinz Company manufactures and markets food products for consumers, and foodservice and institutional customers in North America, Europe, the Asia Pacific, and internationally. The company has a P/E ratio of 17.8, above the average food & beverage industry P/E ratio of 17.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates HJ Heinz as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, increase in net income, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full HJ Heinz Ratings Report.

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