The ex-dividend date for Beam (NYSE:BEAM) is Monday, November 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $56.85 as of 9:30 a.m., the dividend yield is 1.5%.
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 Beam (NYSE: BEAM) is Monday, November 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $56.85 as of 9:30 a.m. ET, the dividend yield is 1.5%. The average volume for Beam has been 671,700 shares per day over the past 30 days. Beam has a market cap of $8.8 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 8.5% year to date as of the close of trading on Thursday. Beam Inc. engages in producing and selling branded distilled spirits products worldwide. The company has a P/E ratio of 47.1, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Beam as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Beam Ratings Report. See our dividend calendar or top-yielding stocks list. FREE for a limited time only: Get TheStreet Ratings #1 Stock Report NOW!.