HJ Heinz Stock To Go Ex-dividend Tomorrow (HNZ)

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, March 21, 2013. Owners of shares as of market close today will be eligible for a dividend of 52 cents per share. At a price of $72.54 as of 9:30 a.m. ET, the dividend yield is 2.8%.

The average volume for HJ Heinz has been 4.2 million shares per day over the past 30 days. HJ Heinz has a market cap of $23.24 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 25.8% 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 22.4, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates HJ Heinz as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, good cash flow from operations, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full HJ Heinz Ratings Report.

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