Safeway Stock To Go Ex-dividend Tomorrow (SWY)

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 Safeway (NYSE: SWY) is tomorrow, March 21, 2013. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $24.93 as of 9:30 a.m. ET, the dividend yield is 2.8%.

The average volume for Safeway has been 6.2 million shares per day over the past 30 days. Safeway has a market cap of $5.95 billion and is part of the services sector and retail industry. Shares are up 37.6% year to date as of the close of trading on Tuesday.

Safeway Inc., together with its subsidiaries, operates as a food and drug retailer in North America. The company has a P/E ratio of 10.9, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Safeway as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, increase in net income, revenue growth and notable return on equity. 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 Safeway Ratings Report.

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