Walgreen Stock To Go Ex-dividend Tomorrow (WAG)

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 Walgreen Company (NYSE: WAG) is tomorrow, February 13, 2013. Owners of shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $41.83 as of 9:31 a.m. ET, the dividend yield is 2.7%.

The average volume for Walgreen has been 6.6 million shares per day over the past 30 days. Walgreen has a market cap of $39.13 billion and is part of the services sector and retail industry. Shares are up 11.9% year to date as of the close of trading on Monday.

Walgreen Co., together with its subsidiaries, operates a network of drugstores in the United States. It provides consumer goods and services, pharmacy, and health and wellness services through drugstores, as well as through mail, and by telephone and online. The company has a P/E ratio of 18.6, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Walgreen as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Walgreen Ratings Report.

See our dividend calendar or top-yielding stocks list.

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