The ex-dividend date for Hershey Company (NYSE:HSY) is tomorrow, August 22, 2012. Owners of shares as of market close today will be eligible for a dividend of 38 cents per share. At a price of $72.32 as of 9:30 a.m., the dividend yield is 2.1%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- The ex-dividend date for Hershey Company (NYSE: HSY) is tomorrow, August 22, 2012. Owners of shares as of market close today will be eligible for a dividend of 38 cents per share. At a price of $72.32 as of 9:30 a.m. ET, the dividend yield is 2.1%. The average volume for Hershey has been 1.2 million shares per day over the past 30 days. Hershey has a market cap of $11.7 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 16.4% year to date as of the close of trading on Monday. The Hershey Company, together with its subsidiaries, engages in manufacturing, marketing, selling, and distributing various chocolate and confectionery products, pantry items, and gum and mint refreshment products worldwide. The company has a P/E ratio of 24.5, equal to the average food & beverage industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Hershey as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, growth in earnings per share, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Hershey Ratings Report. See our dividend calendar or top-yielding stocks list.