NEW YORK (

TheStreet

) -- The ex-dividend date for

Nordstrom

(NYSE:

JWN

) is Tuesday, May 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $50.47 as of 9:30 a.m. ET, the dividend yield is 2.1%.

The average volume for Nordstrom has been 1.8 million shares per day over the past 30 days. Nordstrom has a market cap of $10.32 billion and is part of the

services

sector and

retail

industry. Shares are up 1.5% year to date as of the close of trading on Thursday.

Nordstrom, Inc., a fashion specialty retailer, offers apparel, shoes, cosmetics, and accessories for women, men, and children in the United States. It operates in two segments, Retail and Credit. The Retail segment offers a selection of brand name and private label merchandise. The company has a P/E ratio of 15.7, above the average retail industry P/E ratio of 15.6 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, growth in earnings per share, increase in net income 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

Nordstrom Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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