NEW YORK ( TheStreet) -- The ex-dividend date for Coffee Holding Company (Nasdaq: JVA) is tomorrow, April 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $9.70 as of 9:30 a.m. ET, the dividend yield is 1.4%. The average volume for Coffee Holding has been 738,300 shares per day over the past 30 days. Coffee Holding has a market cap of $56.8 million and is part of the consumer goods sector and food & beverage industry. Shares are up 9.6% year to date as of the close of trading on Wednesday. Coffee Holding Co., Inc. engages in manufacturing, roasting, packaging, marketing, and distributing roasted and blended coffees in the United States and Canada. The company offers products in three categories: wholesale green coffee, private label coffee, and branded coffee. The company has a P/E ratio of 45.2, below the average food & beverage industry P/E ratio of 46.9 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Coffee Holding as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Coffee Holding Ratings Report. See our dividend calendar or top-yielding stocks list.