NEW YORK ( TheStreet) -- The ex-dividend date for Kraft Foods (NYSE: KFT) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 29 cents per share. At a price of $38.63 as of 9:30 a.m. ET, the dividend yield is 3%. The average volume for Kraft has been eight million shares per day over the past 30 days. Kraft has a market cap of $67.67 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 2.4% year to date as of the close of trading on Monday. Kraft Foods Inc., together with its subsidiaries, manufactures and markets packaged food products worldwide. The company has a P/E ratio of 19.2, below the average food & beverage industry P/E ratio of 21 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Kraft as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, increase in net income and notable return on equity. 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 Kraft Ratings Report. See our dividend calendar or top-yielding stocks list.