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

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NEW YORK (

TheStreet

) -- The ex-dividend date for

Lowe's Companies

(NYSE:

LOW

) is Monday, October 22, 2012. Owners of shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $32.56 as of 9:30 a.m. ET, the dividend yield is 2%.

The average volume for Lowe's Companies has been 13.4 million shares per day over the past 30 days. Lowe's Companies has a market cap of $37.4 billion and is part of the services sector and retail industry. Shares are up 28.3% year to date as of the close of trading on Thursday.

Lowe's Companies, Inc., together with its subsidiaries, operates as a home improvement retailer. It offers a range of products for maintenance, repair, remodeling, and home decorating. The company has a P/E ratio of 21.6, below the average retail industry P/E ratio of 21.7 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Lowe's Companies as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance 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

Lowe's Companies Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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