Foot Locker Stock To Go Ex-dividend Tomorrow (FL)

NEW YORK ( TheStreet) -- The ex-dividend date for Foot Locker (NYSE: FL) is tomorrow, April 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $31.03 as of 9:30 a.m. ET, the dividend yield is 2.3%.

The average volume for Foot Locker has been 2.6 million shares per day over the past 30 days. Foot Locker has a market cap of $3.94 billion and is part of the services sector and retail industry. Shares are up 30.9% year to date as of the close of trading on Monday.

Foot Locker, Inc., together with its subsidiaries, operates as a retailer of athletic footwear and apparel. The company operates in two segments, Athletic Stores and Direct-to-Customers. The company has a P/E ratio of 17.4, above the average retail industry P/E ratio of 16 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Foot Locker 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Foot Locker Ratings Report.

See our dividend calendar or top-yielding stocks list.

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