The Dow Jones Industrial Average ( ^DJI) is trading down 47.0 points (-0.4%) at 12,991 as of Monday, May 7, 2012, 10:35 a.m. ET. During this time, 177.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 733.1 million. The NYSE advances/declines ratio sits at 964 issues advancing vs. 1,845 declining with 170 unchanged. Tuesday, May 8, 2012 is the ex-dividend date for Dow component International Business Machines (NYSE: IBM). Owners of shares as of market close today will be eligible for a dividend of 85 cents per share. At a price of $203.60 as of 10:35 a.m. ET, the dividend yield is 1.6% compared to the average Dow component yield of 2.7%. technology sector and computer hardware industry. Shares are up 11.5% year to date as of Friday's close. International Business Machines Corporation provides information technology (IT) products and services worldwide. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. The company has a P/E ratio of 15.5, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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