Macy's Stock To Go Ex-dividend Tomorrow (M)

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, June 12, 2013. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $48.50 as of 9:31 a.m. ET, the dividend yield is 2.1%.

The average volume for Macy's has been four million shares per day over the past 30 days. Macy's has a market cap of $19.03 billion and is part of the services sector and retail industry. Shares are up 24.6% 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. The company has a P/E ratio of 14.4, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Macy's as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, 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 Macy's Ratings Report.

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