Mead Johnson Nutrition Stock To Go Ex-dividend Tomorrow (MJN)
The ex-dividend date for Mead Johnson Nutrition Company (NYSE:MJN) is tomorrow, September 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $74.95 as of 9:30 a.m., the dividend yield is 1.6%.
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 Mead Johnson Nutrition Company (NYSE: MJN) is tomorrow, September 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $74.95 as of 9:30 a.m. ET, the dividend yield is 1.6%. The average volume for Mead Johnson Nutrition has been 2.3 million shares per day over the past 30 days. Mead Johnson Nutrition has a market cap of $15.44 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 8.7% year to date as of the close of trading on Tuesday. Mead Johnson Nutrition Company manufactures, distributes, and sells infant formulas, children's nutrition, and other nutritional products. The company has a P/E ratio of 27.8, below the average food & beverage industry P/E ratio of 27.9 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Mead Johnson Nutrition as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Mead Johnson Nutrition 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.