Nike Stock To Go Ex-dividend Tomorrow (NKE)

NEW YORK ( TheStreet) -- The ex-dividend date for Nike (NYSE: NKE) is tomorrow, March 1, 2012. Owners of shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $107.24 as of 9:30 a.m. ET, the dividend yield is 1.3%.

The average volume for Nike has been 2.4 million shares per day over the past 30 days. Nike has a market cap of $37.71 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 11.5% year to date as of the close of trading on Tuesday.

NIKE, Inc., together with its subsidiaries, engages in the design, development, marketing, and sale of footwear, apparel, equipment, and accessory products for men, women, and children worldwide. The company has a P/E ratio of 22.9, above the average consumer non-durables industry P/E ratio of 21.9 and above the S&P 500 P/E ratio of 17.7.

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, growth in earnings per share, solid stock price performance and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Nike Ratings Report.

See our dividend calendar or top-yielding stocks list.

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