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TheStreet Wire

Dow Component International Business Machines (IBM) To Go Ex-dividend Tomorrow

By TheStreet Wire 08/07/12 - 11:30 AM EDT

Find out if (IBM) is in Cramer's Portfolio.

The Dow Jones Industrial Average (^DJI) is trading up 59 points (+0.4%) at 13,176 as of Tuesday, Aug 7, 2012, 11:00 a.m. ET. During this time, 170.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 680.9 million. The NYSE advances/declines ratio sits at 1,973 issues advancing vs. 848 declining with 140 unchanged.

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Wednesday, August 8, 2012 is the ex-dividend date for Dow component International Business Machines (NYSE:IBM). Owners of shares as of market close today will be eligible for a dividend of 85 cents per share. At a price of $199.83 as of 11 a.m. ET, the dividend yield is 1.7% compared to the average Dow component yield of 2.8%.

See our dividend calendar or top-yielding stocks list.

The average volume for International Business Machines has been 4.1 million shares per day over the past 30 days. International Business Machines has a market cap of $226.86 billion and is part of the technology sector and computer hardware industry. Shares are up 8% year to date as of Monday's close.

International Business Machines Corporation provides information technology (IT) products and services worldwide. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. The company has a P/E ratio of 14.5, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates International Business Machines 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, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

You can view the full International Business Machines Ratings Report.

For more information on International Business Machines Corp click any of the following:

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