Buckeye Stock To Go Ex-dividend Tomorrow (BKI)

NEW YORK ( TheStreet) -- The ex-dividend date for Buckeye Technologies (NYSE: BKI) is tomorrow, May 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $30.52 as of 9:30 a.m. ET, the dividend yield is 1%.

The average volume for Buckeye has been 294,500 shares per day over the past 30 days. Buckeye has a market cap of $1.21 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are down 9.7% year to date as of the close of trading on Wednesday.

Buckeye Technologies Inc. engages in the manufacture and distribution of cellulose-based specialty products. It operates in two segments, Specialty Fibers and Nonwoven Materials. The company has a P/E ratio of 16.5, equal to the average consumer non-durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Buckeye as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Buckeye Ratings Report.

See our dividend calendar or top-yielding stocks list.
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