Dow Component General Electric (GE) To Go Ex-dividend Tomorrow

The Dow Jones Industrial Average ( ^DJI) is trading down eight points at 12,957 as of Wednesday, Feb 22, 2012, 10:35 a.m. ET. During this time, 175.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 818.6 million. The NYSE advances/declines ratio sits at 1,177 issues advancing vs. 1,632 declining with 141 unchanged.

Thursday, February 23, 2012 is the ex-dividend date for Dow component General Electric (NYSE: GE). Owners of shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $19.33 as of 10:35 a.m. ET, the dividend yield is 3.5% compared to the average Dow component yield of 2.7%.

The average volume for General Electric has been 61.8 million shares per day over the past 30 days. General Electric has a market cap of $198.9 billion and is part of the industrial goods sector and industrial industry. Shares are up 8.4% year to date as of Tuesday's close.

General Electric Company (GE) operates as a technology, service, and finance company worldwide. The company has a P/E ratio of 14.1, below the average industrial industry P/E ratio of 15.3 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates General Electric as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
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