Wolverine World Wide Stock To Go Ex-dividend Tomorrow (WWW)

NEW YORK ( TheStreet) -- The ex-dividend date for Wolverine World Wide (NYSE: WWW) is tomorrow, March 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $39.97 as of 9:30 a.m. ET, the dividend yield is 1.2%.

The average volume for Wolverine World Wide has been 452,600 shares per day over the past 30 days. Wolverine World Wide has a market cap of $1.79 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 12.1% year to date as of the close of trading on Tuesday.

Wolverine World Wide, Inc. designs, manufactures, sources, markets, licenses, and distributes branded footwear, apparel, and accessories. It offers industrial work shoes, boots, uniform shoes, outdoor sports footwear, rugged casual footwear, lifestyle footwear, sandals, and closed-toe products. The company has a P/E ratio of 16.2, above the average consumer non-durables industry P/E ratio of 14.6 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Wolverine World Wide as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Wolverine World Wide Ratings Report.

See our dividend calendar or top-yielding stocks list.

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