NEW YORK (

TheStreet

) -- The ex-dividend date for

Coach

(NYSE:

COH

) is tomorrow, May 31, 2012. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $68.80 as of 9:35 a.m. ET, the dividend yield is 1.7%.

The average volume for Coach has been 2.8 million shares per day over the past 30 days. Coach has a market cap of $19.8 billion and is part of the

consumer goods

sector and

consumer non-durables

industry. Shares are up 12.9% year to date as of the close of trading on Tuesday.

Coach, Inc. designs and markets accessories and gifts for women and men in the United States and internationally. It primarily offers handbags, women's and men's bag, accessories, business cases, footwear, wearables, jewelry, sunwear, travel bags, watches, and fragrance products. The company has a P/E ratio of 20.6, equal to the average consumer non-durables industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Coach as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Coach Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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