The ex-dividend date for Nike (NYSE:NKE) is tomorrow, February 28, 2013. Owners of shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $54.17 as of 9:30 a.m., the dividend yield is 1.6%.
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 Nike (NYSE: NKE) is tomorrow, February 28, 2013. Owners of shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $54.17 as of 9:30 a.m. ET, the dividend yield is 1.6%. The average volume for Nike has been 3.8 million shares per day over the past 30 days. Nike has a market cap of $38.69 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 4.7% year to date as of the close of trading on Tuesday. NIKE, Inc., together with its subsidiaries, engages in the design, development, marketing, and sale of footwear, apparel, equipment, and accessories for men, women, and children worldwide. The company has a P/E ratio of 11.4, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Nike as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, good cash flow from operations 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 Nike Ratings Report. See our dividend calendar or top-yielding stocks list. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.