NEW YORK ( TheStreet) -- The ex-dividend date for Safeway (NYSE: SWY) is tomorrow, March 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $20.67 as of 9:30 a.m. ET, the dividend yield is 2.8%. The average volume for Safeway has been 6.1 million shares per day over the past 30 days. Safeway has a market cap of $7.72 billion and is part of the services sector and retail industry. Shares are up 0.4% year to date as of the close of trading on Friday. Safeway Inc., together with its subsidiaries, operates as a food and drug retailer in North America. The company has a P/E ratio of 14, below the average retail industry P/E ratio of 15.4 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Safeway as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, growth in earnings per share and notable return on equity. 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 Safeway Ratings Report. See our dividend calendar or top-yielding stocks list.