Dow Component Cisco Systems (CSCO) To Go Ex-dividend Monday - TheStreet

The

Dow Jones Industrial Average

(

^DJI

) is trading up 210 points (+1.7%) at 12,812 as of Friday, Jun 29, 2012, 10:35 a.m. ET. During this time, 199.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 701.7 million. The NYSE advances/declines ratio sits at 2,632 issues advancing vs. 309 declining with 76 unchanged.

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Monday, July 2, 2012 is the ex-dividend date for Dow component

Cisco Systems

(Nasdaq:

CSCO

). Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $16.96 as of 10:35 a.m. ET, the dividend yield is 1.9% compared to the average Dow component yield of 2.8%.

The average volume for Cisco Systems has been 44 million shares per day over the past 30 days. Cisco Systems has a market cap of $89.62 billion and is part of the

technology

sector and

computer hardware

industry. Shares are down 7.5% year to date as of Thursday's close.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP)-based networking and other products related to the communications and information technology industry worldwide. The company has a P/E ratio of 12.3, 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 Cisco Systems as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

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