NEW YORK ( TheStreet) -- The ex-dividend date for J.C. Penney (NYSE: JCP) is tomorrow, April 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $34.85 as of 9:30 a.m. ET, the dividend yield is 2.2%. The average volume for J.C. Penney has been 3.8 million shares per day over the past 30 days. J.C. Penney has a market cap of $7.39 billion and is part of the services sector and retail industry. Shares are up 1.7% year to date as of the close of trading on Tuesday. J. C. Penney Company, Inc., through its subsidiary, J. C. Penney Corporation, Inc., operates department stores in the United States and Puerto Rico. The company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings.
TheStreet Ratings rates J.C. Penney as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full J.C. Penney Ratings Report. See our dividend calendar or top-yielding stocks list.