NEW YORK ( TheStreet) -- The ex-dividend date for Hormel Foods Corporation (NYSE: HRL) is tomorrow, April 19, 2012. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $28.28 as of 9:30 a.m. ET, the dividend yield is 2.1%. The average volume for Hormel has been 760,900 shares per day over the past 30 days. Hormel has a market cap of $7.61 billion and is part of the consumer goods sector and food & beverage industry. Shares are down 3.8% year to date as of the close of trading on Tuesday. Hormel Foods Corporation engages in the production and marketing of various meat and food products. Its meat products include fresh, frozen, cured, smoked, cooked, and canned meat. The company has a P/E ratio of 16.9, below the average food & beverage industry P/E ratio of 17.3 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Hormel as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Hormel Ratings Report. See our dividend calendar or top-yielding stocks list.