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, May 17, 2013. Owners of shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $49.43 as of 12:10 p.m. ET, the dividend yield is 2.2%.

The average volume for Walgreen has been 6.2 million shares per day over the past 30 days. Walgreen has a market cap of $46.99 billion and is part of the services sector and retail industry. Shares are up 35.2% year to date as of the close of trading on Wednesday.

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 22.1, 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 increase in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Walgreen Ratings Report.

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