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

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 Foot Locker (NYSE: FL) is tomorrow, January 16, 2013. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $33.28 as of 9:30 a.m. ET, the dividend yield is 2.1%.

The average volume for Foot Locker has been 2.3 million shares per day over the past 30 days. Foot Locker has a market cap of $5.06 billion and is part of the services sector and retail industry. Shares are up 3.5% 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 13.8, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Foot Locker as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Foot Locker Ratings Report.

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