The Dow Jones Industrial Average ( ^DJI) is trading down 51.0 points (-0.4%) at 13,228 as of Wednesday, May 2, 2012, 11:05 a.m. ET. During this time, 184.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 738.9 million. The NYSE advances/declines ratio sits at 936 issues advancing vs. 1,917 declining with 138 unchanged. Thursday, May 3, 2012 is the ex-dividend date for Dow component Intel (Nasdaq: INTC). Owners of shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $28.85 as of 11:05 a.m. ET, the dividend yield is 3% compared to the average Dow component yield of 2.7%.
The average volume for Intel has been 36.2 million shares per day over the past 30 days. Intel has a market cap of $142.2 billion and is part of the technology sector and electronics industry. Shares are up 19.4% year to date as of Tuesday's close. Intel Corporation designs, manufactures, and sells integrated digital technology platforms primarily in the Asia-Pacific, the Americas, Europe, and Japan. The company has a P/E ratio of 12, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
Practice your dividend trading strategies and win cash in our stock game.
TheStreet Ratings rates Intel as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.