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, June 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $38.07 as of 9:30 a.m. ET, the dividend yield is 1.3%.

The average volume for Wolverine World Wide has been 988,400 shares per day over the past 30 days. Wolverine World Wide has a market cap of $1.86 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 7.1% 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 15.9, equal to the average consumer non-durables industry P/E ratio 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 largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations, notable return on equity and expanding profit margins. 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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