Dow Component Hewlett-Packard (HPQ) To Go Ex-dividend Monday

The Dow Jones Industrial Average ( ^DJI) is trading up 50 points (+0.4%) at 12,957 as of Friday, Mar 9, 2012, 10:35 a.m. ET. During this time, 143.3 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 2,241 issues advancing vs. 547 declining with 129 unchanged.

Monday, March 12, 2012 is the ex-dividend date for Dow component Hewlett-Packard (NYSE: HPQ). Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $24.40 as of 10:35 a.m. ET, the dividend yield is 2% compared to the average Dow component yield of 2.7%.

The average volume for Hewlett-Packard has been 17.8 million shares per day over the past 30 days. Hewlett-Packard has a market cap of $56.58 billion and is part of the technology sector and computer hardware industry. Shares are down 4.3% year to date as of Thursday's close.

Hewlett-Packard Company and its subsidiaries provide products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), as well as to the government, health, and education sectors worldwide. The company has a P/E ratio of 8.5, below the average computer hardware industry P/E ratio of 8.6 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Hewlett-Packard as a hold. Among the primary strengths of the company is its attractive valuation levels, considering its current price compared to earnings, book value and other measures. At the same time, however, we also find weaknesses including deteriorating net income, poor profit margins and weak operating cash flow.