NEW YORK ( TheStreet) -- The ex-dividend date for Lithia Motors (NYSE: LAD) is tomorrow, August 9, 2011. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $17.99 as of 9:50 a.m. ET, the dividend yield is 1.5%. The average volume for Lithia has been 222,500 shares per day over the past 30 days. Lithia has a market cap of $420 million and is part of the services sector and specialty retail industry. Shares are up 28.9% year to date as of the close of trading on Friday. Lithia Motors, Inc. operates as an automotive franchisee and retailer of new and used vehicles. The company has a P/E ratio of 13.1, equal to the average specialty retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Lithia as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. 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 Lithia Ratings Report. See our dividend calendar or top-yielding stocks list.