Nike Stock To Go Ex-dividend Tomorrow (NKE)

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, May 30, 2013. Owners of shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $62.92 as of 9:30 a.m. ET, the dividend yield is 1.3%.

The average volume for Nike has been 3.8 million shares per day over the past 30 days. Nike has a market cap of $44.94 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 22.6% 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 13, 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, expanding profit margins, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Nike Ratings Report.

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