Advance Auto Parts Stock To Go Ex-dividend Tomorrow (AAP)

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 Advance Auto Parts (NYSE: AAP) is tomorrow, September 19, 2012. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $67.63 as of 9:30 a.m. ET, the dividend yield is 0.4%.

The average volume for Advance Auto Parts has been 1.3 million shares per day over the past 30 days. Advance Auto Parts has a market cap of $4.99 billion and is part of the services sector and retail industry. Shares are down 2.5% year to date as of the close of trading on Monday.

Advance Auto Parts, Inc., together with its subsidiaries, operates as a retailer of automotive aftermarket parts, accessories, batteries, and maintenance items. It operates in two segments, Advance Auto Parts (AAP), and Autopart International (AI). The company has a P/E ratio of 12.5, 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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TheStreet Ratings rates Advance Auto Parts as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, increase in stock price during the past year 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 Advance Auto Parts Ratings Report.

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