Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- The ex-dividend date for Safeway (NYSE: SWY) is tomorrow, September 18, 2012. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $16.99 as of 9:30 a.m. ET, the dividend yield is 4.2%. The average volume for Safeway has been 6.7 million shares per day over the past 30 days. Safeway has a market cap of $3.95 billion and is part of the services sector and retail industry. Shares are down 19.9% 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 9.2, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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