The ex-dividend date for Macy's (NYSE:M) is tomorrow, March 13, 2013. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $41.84 as of 10:01 a.m., the dividend yield is 1.9%.
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 Macy's (NYSE: M) is tomorrow, March 13, 2013. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $41.84 as of 10:01 a.m. ET, the dividend yield is 1.9%. The average volume for Macy's has been 5.3 million shares per day over the past 30 days. Macy's has a market cap of $16.47 billion and is part of the services sector and retail industry. Shares are up 6.9% year to date as of the close of trading on Monday. Macy's, Inc., together with its subsidiaries, operates stores and Internet Websites in the United States. Its retail stores and Internet Web sites sell a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. The company has a P/E ratio of 12, below the S&P 500 P/E ratio of 17.7.
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
TheStreet Ratings rates Macy's as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, notable return on equity, attractive valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Macy's 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.