Rock-Tenn Stock To Go Ex-dividend Tomorrow (RKT)

NEW YORK ( TheStreet) -- The ex-dividend date for Rock-Tenn (NYSE: RKT) is tomorrow, May 4, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $61.57 as of 9:30 a.m. ET, the dividend yield is 1.3%.

The average volume for Rock-Tenn has been 791,800 shares per day over the past 30 days. Rock-Tenn has a market cap of $4.4 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 6.6% year to date as of the close of trading on Wednesday.

Rock-Tenn Company manufactures and sells containerboard, recycled paperboard, bleached paperboard, packaging products, and merchandising displays in the United States, Canada, Mexico, Chile, Argentina, Puerto Rico, and China. The company has a P/E ratio of 23.6, below the average consumer non-durables industry P/E ratio of 26.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Rock-Tenn as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Rock-Tenn Ratings Report.

See our dividend calendar or top-yielding stocks list.
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