Advance Auto Parts Stock To Go Ex-dividend Tomorrow (AAP)

NEW YORK ( TheStreet) -- The ex-dividend date for Advance Auto Parts (NYSE: AAP) is tomorrow, December 18, 2013. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $109.64 as of 9:50 a.m. ET, the dividend yield is 0.2%.

The average volume for Advance Auto Parts has been 880,000 shares per day over the past 30 days. Advance Auto Parts has a market cap of $8 billion and is part of the services sector and retail industry. Shares are up 51.8% year to date as of the close of trading on Monday.

Advance Auto Parts, Inc., through its subsidiaries, operates as a specialty retailer of automotive aftermarket parts, accessories, batteries, and maintenance items. It operates in two segments, Advance Auto Parts (AAP), and Autopart International (AI). The company has a P/E ratio of 19.9, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Advance Auto Parts 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, revenue growth, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Advance Auto Parts Ratings Report.

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