Dow Component Coca-Cola (KO) To Go Ex-dividend Tomorrow

The Dow Jones Industrial Average ( ^DJI) is trading up 19 points (+0.1%) at 12,941 as of Monday, Mar 12, 2012, 10:40 a.m. ET. During this time, 136.8 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 1,091 issues advancing vs. 1,710 declining with 139 unchanged.

Tuesday, March 13, 2012 is the ex-dividend date for Dow component Coca-Cola (NYSE: KO). Owners of shares as of market close today will be eligible for a dividend of 51 cents per share. At a price of $69.80 as of 10:40 a.m. ET, the dividend yield is 2.9% compared to the average Dow component yield of 2.7%.

The average volume for Coca-Cola has been 7.7 million shares per day over the past 30 days. Coca-Cola has a market cap of $154.22 billion and is part of the consumer goods sector and food & beverage industry. Shares are down 0.7% year to date as of Friday's close.

The Coca-Cola Company, a beverage company, engages in the manufacture, marketing, and sale of nonalcoholic beverages worldwide. The company primarily offers sparkling beverages and still beverages. The company has a P/E ratio of 18.8, above the average food & beverage industry P/E ratio of 12.5 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Coca-Cola as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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