ConAgra Stock To Go Ex-dividend Tomorrow (CAG)

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 ConAgra Foods (NYSE: CAG) is tomorrow, January 29, 2013. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $32.50 as of 9:30 a.m. ET, the dividend yield is 3.1%.

The average volume for ConAgra has been 3.9 million shares per day over the past 30 days. ConAgra has a market cap of $13.12 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 7.9% year to date as of the close of trading on Friday.

ConAgra Foods, Inc. operates as a food company primarily in North America. The company operates through two segments, Consumer Foods and Commercial Foods. The company has a P/E ratio of 20.4, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates ConAgra as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, increase in net income, reasonable valuation levels and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full ConAgra Ratings Report.

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