Hanesbrands Stock To Go Ex-dividend Tomorrow (HBI)
The ex-dividend date for Hanesbrands (NYSE:HBI) is tomorrow, May 16, 2013. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $50.92 as of 9:31 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 Hanesbrands (NYSE: HBI) is tomorrow, May 16, 2013. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $50.92 as of 9:31 a.m. ET, the dividend yield is 1.6%. The average volume for Hanesbrands has been 1.3 million shares per day over the past 30 days. Hanesbrands has a market cap of $4.92 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 41.9% year to date as of the close of trading on Tuesday. Hanesbrands Inc., a consumer goods company, engages in designing, manufacturing, sourcing, and selling a range of basic apparel in the United States. The company has a P/E ratio of 16.2, below the S&P 500 P/E ratio of 17.7.
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
TheStreet Ratings rates Hanesbrands as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, notable return on equity, reasonable valuation levels and expanding profit margins. 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 Hanesbrands Ratings Report. See our dividend calendar or top-yielding stocks list. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.