NEW YORK ( TheStreet) -- The ex-dividend date for Tiffany (NYSE: TIF) is tomorrow, March 16, 2012. Owners of shares as of market close today will be eligible for a dividend of 29 cents per share. At a price of $70 as of 9:30 a.m. ET, the dividend yield is 1.6%. The average volume for Tiffany has been 2.7 million shares per day over the past 30 days. Tiffany has a market cap of $8.03 billion and is part of the services sector and specialty retail industry. Shares are up 5.9% year to date as of the close of trading on Wednesday. Tiffany & Co., through its subsidiaries, engages in the design, manufacture, and retail of fine jewelry worldwide. The company has a P/E ratio of 20.3, above the average specialty retail industry P/E ratio of 18.4 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Tiffany as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity 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 Tiffany Ratings Report. See our dividend calendar or top-yielding stocks list.