Brown Shoe Stock To Go Ex-dividend Tomorrow (BWS)

NEW YORK (TheStreet) -- The ex-dividend date for Brown Shoe Company (NYSE:BWS) is tomorrow, June 14, 2012. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $11.55 as of 9:30 a.m. ET, the dividend yield is 2.3%.

The average volume for Brown Shoe has been 547,300 shares per day over the past 30 days. Brown Shoe has a market cap of $488.6 million and is part of the services sector and specialty retail industry. Shares are up 29.1% year to date as of the close of trading on Tuesday.

Brown Shoe Company, Inc. operates as a footwear retailer and wholesaler in the United States, Canada, China, and Guam. It provides licensed, branded, and private-label casual, dress, and athletic footwear products to women, men, and children. The company has a P/E ratio of 71.2, above the average specialty retail industry P/E ratio of 21.5 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Brown Shoe as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and generally poor debt management. You can view the full Brown Shoe Ratings Report.

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