Macy's Stock To Go Ex-dividend Tomorrow (M)

NEW YORK ( TheStreet) -- The ex-dividend date for Macy's (NYSE: M) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $39.69 as of 9:30 a.m. ET, the dividend yield is 2%.

The average volume for Macy's has been seven million shares per day over the past 30 days. Macy's has a market cap of $14.81 billion and is part of the services sector and retail industry. Shares are up 23.3% year to date as of the close of trading on Friday.

Macy's, Inc., together with its subsidiaries, operates department stores and Internet Web sites in the United States. The company has a P/E ratio of 13.5, above the average retail industry P/E ratio of 12.9 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Macy's as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, attractive valuation levels, solid stock price performance and growth in earnings per share. 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 Macy's Ratings Report.

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