NEW YORK ( TheStreet) -- The ex-dividend date for Staples (Nasdaq: SPLS) is tomorrow, March 21, 2012. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $16.41 as of 9:30 a.m. ET, the dividend yield is 2.7%. The average volume for Staples has been 8.3 million shares per day over the past 30 days. Staples has a market cap of $11.23 billion and is part of the services sector and specialty retail industry. Shares are up 18.5% year to date as of the close of trading on Monday. Staples, Inc., together with its subsidiaries, operates as an office products company. The company offers various office supplies and services, office machines and related products, computers and related products, and office furniture under Staples, Quill, and other proprietary brands. The company has a P/E ratio of 11.7, above the average specialty retail industry P/E ratio of 11.6 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Staples as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Staples Ratings Report. See our dividend calendar or top-yielding stocks list.