NEW YORK (

TheStreet

) -- The ex-dividend date for

Nike

(NYSE:

NKE

) is tomorrow, September 1, 2011. Owners of shares as of market close today will be eligible for a dividend of 31 cents per share. At a price of $87.01 as of 9:30 a.m. ET, the dividend yield is 1.4%.

The average volume for Nike has been 3.6 million shares per day over the past 30 days. Nike has a market cap of $33.4 billion and is part of the

consumer goods

sector and

consumer non-durables

industry. Shares are up 1.1% year to date as of the close of trading on Tuesday.

NIKE, Inc. designs, develops, and markets footwear, apparel, equipment, and accessory products for men, women, and children worldwide. The company offers footwear in the categories of running, training, basketball, soccer, sport-inspired casual shoes, and kids' shoes. The company has a P/E ratio of 20.2, 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 Nike 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, solid stock price performance, growth in earnings per share and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Nike Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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