The ex-dividend date for HJ Heinz Company (NYSE:HNZ) is tomorrow, September 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 52 cents per share. At a price of $56.20 as of 9:30 a.m., the dividend yield is 3.7%.
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 HJ Heinz Company (NYSE: HNZ) is tomorrow, September 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 52 cents per share. At a price of $56.20 as of 9:30 a.m. ET, the dividend yield is 3.7%. The average volume for HJ Heinz has been 1.8 million shares per day over the past 30 days. HJ Heinz has a market cap of $17.98 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 3.9% year to date as of the close of trading on Tuesday. H. J. Heinz Company, together with its subsidiaries, manufactures and markets food products for consumers, and foodservice and institutional customers in North America, Europe, the Asia Pacific, and internationally. The company has a P/E ratio of 19.2, above the average food & beverage industry P/E ratio of 19 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates HJ Heinz as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, notable return on equity, expanding profit margins, increase in stock price during the past year and growth in earnings per share. 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 HJ Heinz Ratings Report. See our dividend calendar or top-yielding stocks list. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.