Advance Auto Parts Stock To Go Ex-dividend Tomorrow (AAP)

NEW YORK ( TheStreet) -- The ex-dividend date for Advance Auto Parts (NYSE: AAP) is tomorrow, March 21, 2012. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $88.36 as of 9:30 a.m. ET, the dividend yield is 0.3%.

The average volume for Advance Auto Parts has been 809,300 shares per day over the past 30 days. Advance Auto Parts has a market cap of $5.45 billion and is part of the services sector and retail industry. Shares are up 26.5% year to date as of the close of trading on Monday.

Advance Auto Parts, Inc., together with its subsidiaries, operates as a retailer of automotive aftermarket parts, accessories, batteries, and maintenance items. It operates in two segments, Advance Auto Parts (AAP), and Autopart International (AI). The company has a P/E ratio of 17.2, above the average retail industry P/E ratio of 15.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Advance Auto Parts as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, impressive record of earnings per share growth and increase in net income. 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 Advance Auto Parts Ratings Report.

See our dividend calendar or top-yielding stocks list.
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