Darden Stock To Go Ex-dividend Monday (DRI)

NEW YORK ( TheStreet) -- The ex-dividend date for Darden Restaurants (NYSE: DRI) is Monday, July 8, 2013. Owners of shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $51 as of 10:01 a.m. ET, the dividend yield is 4.3%.

The average volume for Darden has been 1.5 million shares per day over the past 30 days. Darden has a market cap of $6.61 billion and is part of the services sector and leisure industry. Shares are up 13.1% year to date as of the close of trading on Wednesday.

Darden Restaurants, Inc. owns and operates full service restaurants in the United States and Canada. It operates restaurants under the Red Lobster, Olive Garden, LongHorn Steakhouse, The Capital Grille, Bahama Breeze, Seasons 52, Eddie V's Prime Seafood, and Wildfish Seafood Grille brand names.

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TheStreet Ratings rates Darden as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Darden Ratings Report.

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