The Dow Jones Industrial Average ( ^DJI) is trading down 63.0 points (-0.5%) at 12,914 as of Monday, Mar 5, 2012, 10:34 a.m. ET. During this time, 158.8 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 775 issues advancing vs. 2,034 declining with 137 unchanged. Tuesday, March 6, 2012 is the ex-dividend date for Dow component Home Depot (NYSE: HD). Owners of shares as of market close today will be eligible for a dividend of 29 cents per share. At a price of $47.06 as of 10:35 a.m. ET, the dividend yield is 2.4% compared to the average Dow component yield of 2.7%.
The average volume for Home Depot has been 10.7 million shares per day over the past 30 days. Home Depot has a market cap of $69.31 billion and is part of the services sector and retail industry. Shares are up 12.8% year to date as of Friday's close. The Home Depot Inc., together with its subsidiaries, operates as a home improvement retailer. The company's stores sell a range of building materials, home improvement products, and lawn and garden products to do-it-yourself, do-it-for-me (D-I-F-M), and professional customers. The company has a P/E ratio of 19.2, below the average retail industry P/E ratio of 19.4 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Home Depot as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.