Dow Component Wal-Mart Stores (WMT) To Go Ex-dividend Tomorrow
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link
.
The
Dow Jones Industrial Average
(
^DJI
) is trading down 213.0 points (-1.2%) at 17,782 as of Tuesday, Mar 10, 2015, 10:36 a.m. ET. During this time, 81.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 372.5 million. The NYSE advances/declines ratio sits at 680 issues advancing vs. 2,265 declining with 140 unchanged.
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Wednesday, March 11, 2015 is the ex-dividend date for Dow component
(NYSE:
). Owners of shares as of market close today will be eligible for a dividend of 49 cents per share. At a price of $82.12 as of 10:37 a.m. ET, the dividend yield is 2.4% compared to the average Dow component yield of 2.7%.
The average volume for Wal-Mart Stores has been 7.1 million shares per day over the past 30 days. Wal-Mart Stores has a market cap of $266.2 billion and is part of the services sector and retail industry. Shares are down 3.5% year-to-date as of Monday's close.
Wal-Mart Stores Inc. operates retail stores in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. The company has a P/E ratio of 17, above the average retail industry P/E ratio of 16.4.
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TheStreet Ratings rates Wal-Mart Stores as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, reasonable valuation levels, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Wal-Mart Stores Ratings Report.
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