Brazilian Distribution Stock To Go Ex-dividend Tomorrow (CBD)

NEW YORK ( TheStreet) -- The ex-dividend date for Brazilian Distribution Company (NYSE: CBD) is tomorrow, May 31, 2012. Owners of shares as of market close today will be eligible for a dividend of 0 cents per share. At a price of $38.74 as of 9:30 a.m. ET, the dividend yield is 0.5%.

The average volume for Brazilian Distribution has been 575,000 shares per day over the past 30 days. Brazilian Distribution has a market cap of $10.48 billion and is part of the services sector and retail industry. Shares are up 8.6% year to date as of the close of trading on Tuesday.

Companhia Brasileira de Distribuic o engages in the retail of food and non-food products to individual consumers through its chain of hypermarkets, supermarkets, specialized and department stores, and the Internet. The company has a P/E ratio of 48.5, above the average retail industry P/E ratio of 26.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Brazilian Distribution as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Brazilian Distribution Ratings Report.

See our dividend calendar or top-yielding stocks list.
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