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NEW YORK (

TheStreet

) -- The ex-dividend date for

Nordstrom

(NYSE:

JWN

) is tomorrow, May 26, 2011. Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $45.06 as of 9:31 a.m. ET, the dividend yield is 2%.

The average volume for Nordstrom has been 2.6 million shares per day over the past 30 days. Nordstrom has a market cap of $9.9 billion and is part of the

services

sector and

retail

industry. Shares are up 7.4% year to date as of the close of trading on Tuesday.

TheStreet Recommends

Nordstrom, Inc., a fashion specialty retailer, offers apparel, shoes, cosmetics, and accessories for women, men, and children in the United States. The company offers a selection of brand name and private label merchandise. The company has a P/E ratio of 15.4, below the average retail industry P/E ratio of 15.8 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Nordstrom as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full

Nordstrom Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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