Darden Stock To Go Ex-dividend Tomorrow (DRI)

NEW YORK ( TheStreet) -- The ex-dividend date for Darden Restaurants (NYSE: DRI) is tomorrow, April 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 43 cents per share. At a price of $50.33 as of 9:35 a.m. ET, the dividend yield is 3.4%.

The average volume for Darden has been 2.2 million shares per day over the past 30 days. Darden has a market cap of $5.92 billion and is part of the services sector and leisure industry. Shares are up 11.6% year to date as of the close of trading on Tuesday.

Darden Restaurants, Inc. operates full service restaurants in the United States and Canada. It operates restaurants under the Red Lobster, Olive Garden, LongHorn Steakhouse, The Capital Grille, Bahama Breeze, and Seasons 52 brand names. The company has a P/E ratio of 15, above the average leisure industry P/E ratio of 14.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Darden as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, attractive valuation levels and good cash flow from operations. 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 Darden Ratings Report.

See our dividend calendar or top-yielding stocks list.
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